Soybeans rounded out the Wednesday trade with most contracts up 2 ¼ to 9 ¼ cents, led by the old crop contracts. Some back months were fractionally to 2 cents lower. The cmdtyView national average Cash Bean price was up 10 cents at $11.25. Soymeal futures were down 40 cents to $5.40, with Soy Oil futures up 87 to 193 points.
The weekly Export Sales report from USDA will be out on Thursday, with traders looking for 2025/26 business at 200,000-600,000 MT during the week of April 23. New crop sales are seen at 0-50,000 MT. Soybean meal sales are seen at 150,000 to 400,000 MT, with bean oil seen between net cancellations of 10,000 MT to sales of 12,000 MT.
