Soybeans are trading with 12 to 15 cent losses early on Wednesday. Futures were rallying on Tuesday, contracts 21 to 29 3/4 cents in the green at the close. Open interest popped 24,979 contracts higher, indicating net new buying. The cmdtyView national average Cash Bean price was up 11 ¾ cents at $12.62 1/4. Soymeal futures were up $1.80 to $7.40 on the day, with Soy Oil up 116 to 187 points. There were no delivery notices overnight against September beans, with none for September meal and 256 for September bean oil.
On Monday afternoon, EPA announced they were granting 18 small refinery exemptions for 2025, with another 11 partial exemptions and denying 3. The total volume exempt was 1.76 billion RINs, with 100% of the difference between projected and actual exempt totals reallocated for 2026 and 2027 RVOs.