Soybeans are trying to take back some of Wednesday’s weakness, with Thursday AM gains of 1 to 3 cents. Futures were in the red on Wednesday with front months down 15 to 17 ¼ cents at the close. Open interest was up 1,850 contracts on Wednesday. The cmdtyView national average Cash Bean price was 17 cents lower at $10.63 3/4. Soymeal futures were back down $9, with Soy Oil futures 105 points lower. A Reuters report indicated the EPA may delay their 50% cut to credits on imported feedstocks from the previously proposed 2026 start date.
Soybean export bookings are expected to be reported in a range of 0.6 to 1.6 MMT for the week of 10/2. USDA will release the delayed report on Thursday morning, with soy meal seen in between 150,000 and 350,000 MT and bean oil at 0-25,000 MT.
