Soybeans closed 18 to 21 ¼ cents higher on Thursday, with new crop contracts up 7 to 11 cents. The cmdtyView national average Cash Bean price was 20 cents higher at $10.47. Soymeal futures are $5 to $7.00 higher, with Soy Oil futures steady to down 11 points in the nearbys. Futures extended Wednesday’s strength following President Trump seeking to raise the Chinese soybean commitments to 20 MMT for the current season, vs. the 12 MMT previous stated. The average close for November futures for February is ...

Soybeans are showing higher trade on Thursday, up 7 to 9 cents in the front months. Futures got some strength on Wednesday from spillover in soybean meal, as contracts were 7 to 8 ½ cents higher. OI showed new buying interest, rising 12,031 contracts on the rally.  The cmdtyView national average Cash Bean price was 9 1/4 cents higher at $10.08 3/4. Soymeal futures are $3.40 to $3.70 higher, with Soy Oil futures 10 to 13 points lower. Meal garnered strength with Argentina’s weather forecasts on the drier ...

Soybeans got some strength on Wednesday from spillover in soybean meal, as contracts were 7 to 8 ½ cents higher. The cmdtyView national average Cash Bean price was 9 1/4 cents higher at $10.08 3/4. Soymeal futures are $3.40 to $3.70 higher, with Soy Oil futures 10 to 13 points lower. Meal garnered strength with Argentina’s weather forecasts on the drier side heading into some key parts of the growing season. More News from Barchart USDA will release Export Sales data for the week ending on 1/23 on Thur ...

Market Performance - Soybeans experienced a rally, with contracts closing 10 to 11 cents higher in the front months [1] - The national average Cash Bean price increased by 11.5 cents, reaching $9.94 3/4 [1] - Soymeal futures rose by $3.70 to $6.80, while Soy Oil futures decreased by 8 to 18 points [1] Export Sales Expectations - The USDA has returned to a normal Export Sales release schedule, with expectations of 0.75-1.3 million metric tons (MMT) of 2025/26 soybeans sold for export in the week of January 1 [2] - Sales for 2026/27 are projected to be in the range of 0-300,000 metric tons [2] - Soybean meal bookings are estimated at 100,000-350,000 metric tons, with soybean oil bookings expected to be between 0-30,000 metric tons [2] Crop Production Data - Crop Production data is set to be released on Monday, with the final 2025 soybean yield estimate expected to be 52.7 bushels per acre (bpa) [3] - Production is projected at 4.23 billion bushels (bbu) according to a Bloomberg survey of analysts [3] - January 26 Soybeans closed at $10.52 3/4, up 10 3/4 cents, with nearby cash at $9.94 3/4, up 11 1/2 cents [3]

Group 1 - Soybean contracts are experiencing an upward trend, with prices increasing by 7 to 9 cents, and the national average cash bean price rising to $9.43 1/2, which is 8 1/2 cents higher [1][4] - Soymeal futures have also seen an increase, rising by $4.30 to $4.80, while soy oil futures are up by 15 to 20 points [1] - The US soybean crop estimate has been raised by StoneX to 53.9 bushels per acre (bpa), reflecting a 0.7 bpa increase from the previous month, with total production estimated at 4.326 billion bushels (bbu) [3] Group 2 - A significant discussion on soybeans is anticipated in an upcoming meeting between President Trump and President Xi of China, which may influence market dynamics [2] - The harvest price for crop insurance will be determined based on the average November soybean close during October, with the first close recorded at $10.13 [3] - Export sales data for soybeans was delayed, with analysts expecting sales between 0.3 million metric tons (MMT) and 1.6 MMT for the week ending September 25 [3]