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Barchart
Austin Schroeder

Soybeans Extending Pop Higher on Thursday Morning

CmdtyView

Soybeans are up 2 cents across most nearby contracts on Thursday morning. Futures were in rally mode on Wednesday, with the $10 area holding. Contracts were up 18 to 19 cents at the close. Preliminary open interest showed new buying interest, up 8,888 contracts. The cmdtyView national average Cash Bean price is up 19 cents at $9.75 1/4. Soymeal futures were up $2.20/ton, as Soy Oil was 20 to 24 points higher. 

USDA reported an export sale for 2025/26 marketing year under the daily reporting system on Wednesday morning. Private exporters reported 120,000 MT of US soybeans sold to “unknown” destinations. 

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