Soybeans closed with 4 ¼ to 12 cent losses across most contracts on Wednesday. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $11.37 3/4. Soymeal futures were down a dime to $1.40 on the day, with Soy Oil futures 32 to 78 points lower. Crude oil losses of $5.07 is adding pressure as US and Iran negotiations are reportedly in the nearing the finish line.
Export sales data will be published by USDA on Thursday, as analysts are estimated to total 150,000 MT to 450,000 MT for 2025/26. New crop sales are seen at 0-200,000 MT. Soybean meal is expected at 200,000 to 600,000 MT, with bean oil in a range of net reductions of 5,000 MT to sales of 12,000 MT.
