Soybeans are up 4 to 7 ½ cents so far on Thursday morning. Futures were supported by strength in soybean meal on Wednesday, with contracts up 8 to 10 cents. Open interest was down 26,072 contracts in March, with May up 12,641 contracts. The cmdtyView national average Cash Bean price was up 10 cents at $10.85 1/2. Soymeal futures are $4.40 to $7.60 in the front months, with. Soy Oil futures up 7 to 23 points in the nearbys. The forecast for Argentina is looking a little drier as they look to finish out their growing season, likely adding to some meal strength at midday.
The EPA sent its 2026 biofuel mandates to the White House OMB late on Wednesday for review.
