Soybeans are showing 9 to 10 cents gains across most front months. Futures saw strength to close out Monday trade, with contracts steady to 7 cents higher, led by the deferreds. September was down a penny. Open interest was up 2,712 contracts, mainly in the January contract. The cmdtyView national average Cash Bean price was up 1/4 cent at $12.53 1/2. Soymeal futures were down a dime to $3.90 on the day, with Soy Oil up 1 to 16 points. There were no delivery notices overnight against September beans, with 52 deliveries for September meal and none 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.
