Soybeans are up 4 to 6 cents in the front months on Wednesday. New crop is leading the charge, up 12 cents at midday, as the new crop soy/corn ratio has crept down towards 2.33. The cmdtyView national average Cash Bean price is up 5 cents at $10.87 3/4. Soymeal futures are $4.40 to $5.40 higher in the front months, with Soy Oil futures 40 to 45 points higher. Crude was up $1.50 on the day.
USDA reported a private export sale of 120,000 MT of soybean meal for 2026/27 this morning to unknown destinations.
