Soybeans Post Double Digit Gains on Wednesday

Group 1 - Soybeans experienced gains of 12 to 14 cents in the front months, with the national average Cash Bean price rising by 12 cents to $11.39 1/4 [1] - Soymeal futures increased by 10 to 90 cents, while Soy Oil futures rose by 122 to 175 points [1] - Crude oil prices increased by $5.44, influenced by ongoing developments in Iran, despite the International Energy Agency's decision to release 400 million barrels of ethanol reserves [1] Group 2 - The EPA's Renewable Volume Obligation (RVO) figure for this year is reportedly leaked at approximately 5.4 billion gallons, with an official announcement expected later this month [2] - The USDA is set to release Export Sales data, with expectations of 250,000-800,000 MT of 2025/26 soybeans sold for the week ending on March 3, and soybean oil sales projected at 150,000 to 400,000 MT [3] - Recent closing prices for soybeans include $12.00 1/2 (up 13 1/4 cents), $11.39 1/4 for Nearby Cash (up 12 cents), $12.14 for May 26 (up 12 1/4 cents), and $12.27 1/4 for Jul 26 (up 12 1/4 cents) [3]