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Soybeans are trading with slight losses of 1 to 2 cents in the front months so far on Thursday morning. Futures rounded out the Wednesday session with contract slipping into the close, down 4 to 11 ¼ cents on the day. Open interest data from Wednesday suggested some longs taking profits, own 20,703 contracts. The cmdtyView national average Cash Bean price was down 9 1/2 cents at $11.01 1/4. Soymeal futures were down $2.90 to $4.90 on the day, with Soy Oil futures back down 23 to 65 points in the front months.Â
USDA will release their weekly Export Sales report on Thursday, with analysts looking for 200,000 to 600,000 MT of old crop beans in the week of 4/16. Sales for 2025/26 are seen in a range of 0-100,000 MT. Meal sales are expected to total 150,000 to 500,000 MT. Bean oil sales are estimated to be between net reductions of 10,000 MT to sales of 14,000 MT.
On the date of publication,
Austin Schroeder
did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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