Soybeans are trading 8 to 9 cents higher early on Thursday. Futures were weaker on Wednesday, with contracts down 3 to 7 ¼ cents. Open interest rose 16,832 contracts on Wednesday, mainly in July (+10,803). The cmdtyView national average Cash Bean price was down 6 1/4 cents at $12.51. Soymeal futures closed with gains of 20 cents to $1.80 in the front months, as deferreds were weaker. Soy Oil was steady to 17 points lower on the day. There were again no deliveries for September soybeans, with 39 issued for September meal and 1 for bean oil. September futures expire on Monday.
USDA reported private export sale announcements of 340,000 MT of soybeans to China for 2026/27 and 100,000 MT of 2026/27 beans to unknown destinations on Wednesday morning.
