Soybeans are trading with Thursday morning gains or 3 to 5 cents. Futures were up 7 ½ to 11 cents at the Wednesday close. Open interest data suggested modest new buying interest, rising 3,344 contracts. The cmdtyView national average Cash Bean price was up 8 3/4 cents $11.55 1/2. Soymeal futures were $1.50 to $3.70 higher at the close, with Soy Oil futures 16 to 52 points higher.
Export Sales data will be out this morning, with analysts surveyed by Reuters looking for 100,000 to 500,000 MT of 2025/26 soybean sales in the week of 7/9. New crop business is estimated to total 0.9-1.7 MMT in that week. Soybean meal sales are pegged in a range of 150,000 MT to 650,000 MT, with bean oil bookings between new cancellations of 10,000 MT to net sales of 16,000 MT.
