Soybeans were down 1 to 2 cents across the front months on Thursday. The cmdtyView national average Cash Bean price was down 1 cent at $10.84 3/4. Soymeal futures are $1.20 to $2.20 in the front months, with Soy Oil futures up another 91 to 109 points in the nearbys. The average close for November soybean futures has been $11.08 so far in February, up 54 cents from the total last year, with Friday being the last day for price discovery for the spring soybean crop insurance price.
The EPA sent its 2026 biofuel mandates to the White House OMB late on Wednesday for review. Reports also indicate that the EPA is looking to shift half of previously waived biofuel obligations under the small refinery exemptions to larger oil refineries.
