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Barchart
Barchart
Austin Schroeder

Soybeans Surging Higher on Wednesday Morning

Soybeans are showing double digit gains early on the midweek session. Futures fell from the intraday highs on Tuesday, with contracts closing fractionally to 6 cents higher, as September was down ¼ cent. Open interest was up 15,411 contracts, suggesting modest new buying. The cmdtyView national average Cash Bean price was up 1 cent at $11.76. Soymeal futures held firm into the close, with contracts up a dime to $3, as Soy Oil was back down 77 to 175 points.

USDA reported a private export sale of 136,000 MT of soybeans to China on Tuesday morning for 2026/27.

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