Soybeans are trading with 1 to 3 cent gains on Monday AM trade. Futures closed the Friday session with contracts down 5 to 14 ½ cents in most front months, as May was down 2 cents last week. Open interest was up 1,748 contracts on Friday. The cmdtyView national average Cash Bean price as down 14 ¼ cents at $10.86. Soymeal futures posted Friday losses of $2.20 to $6.80, with May dropping $12.70. Soy Oil futures were down 6 to 61 points on some buy the rumor, sell the fact action with May up 190 points on the week.
As expected, EPA released their finalized RVOs for 2026 on Friday, with bio-mass based diesel set at 8.86 billion RINS (not gallons) with the 2027 total at 8.95 billion RINS. That exceeded the 7.12 and 7.5 billion RIN (respectively) previously proposed RVOs. The small refinery exemption reallocation takes that to 9.07 billion RINS for 2026 and 9.2 billion RINS for 2027. They also announced that in 2028, foreign fuel and feedstocks will only receive 50% of the RIN value, vs. this year as previously proposed.
