Soybeans Mixed to Start Thursday Trade
Soybeans are sticking close to unchanged on Thursday morning, with contracts up 1 ½ to down ½ cents. Beans posted gains of 2 to 4 cents across most contracts on Wednesday. CmdtyView’s national front month Cash Bean price was up 3 cents at $9.87 3/4. Soymeal futures closed with $2.40 to $3.30/ton gains, as Soy Oil futures were up 15 to 24 points. The CME will be closed on Friday in observance of Good Friday, with a normal Thursday close and Sunday night open.
USDA will release their Export Sales report this morning, with analysts expecting to see 100,000 to 800,000 MT of soybean business in the week of April 10 for old crop. Sales for 2025/26 are estimated at 0-150,000 MT. Soybean meal sales are pegged in a range of 145,000 and 450,000 MT, with bean oil 0 to 50,000 MT.
May 25 Soybeans closed at $10.38 3/4, up 2 3/4 cents, currently up 1 1/4 cents
Nearby Cash was $9.87 3/4, up 3 cents,
Jul 25 Soybeans closed at $10.50 1/4, up 3 3/4 cents, currently up 1/2 cent
Nov 25 Soybeans closed at $10.34 1/4, up 4 1/2 cents, currently down 1/2 cent
New Crop Cash was $9.73 3/4, up 4 3/4 cents,
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. For more information please view the Barchart Disclosure Policy here.