Soybean prices closed lower Wednesday, with the contract down 6 ¾ to 9 cents on the day. CmdtyView’s national average cash bean price was down 7 3/4 cents at $10.58 1/4. Soymeal futures rose 70 cents to $2.30, soy oil futures fell 113 points from 82.
The NOAA 7-day QPF showed a 1 to 3 inch band from KS to southern parts of ECB. Much of northern IL, IA, NE and SD sees light totals of less than ½ inch.
Don’t miss a single day:
Sign up for free for Barchart’s best-in-class commodity analysis, from crude oil to coffee.
Export sales data will be released on Thursday, with traders expecting 2025/26 soybean sales to be between 100,000 and 500,000 metric tons. Sales for the new crop marketing year are seen at between 450,000 and 1,000,000 metric tons in the week ending June 18, according to a Reuters poll of analysts. Soybean meal sales are estimated to be in the range of 200,000 to 500,000 metric tons, with bean oil bookings expected to be in the range of 0 to 13,000 metric tons.
26th July Soybean Down 8 1/4 cents at $11.08 3/4,
cash nearby Was $10.58 1/4, down 7 3/4 cents,
26 August soybean Down 7 1/4 cents at $11.16 3/4,
26 November soybean closed at $11.35, down 6 3/4 cents.
new crop cash $10.69 was 3/4, down 7 1/2 cents,
On the date of publication, Austin Schroeder did not have (directly or indirectly) any positions in any securities mentioned in this article. All information and data in this article is for informational purposes only. Please see the Barchart Disclosure Policy here for more information.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Reflect the views of.
