Soybeans Showing Strength Ahead of July 4th Holiday

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2▲2 ▼0Impact / 5
Summary · why it matters

Soybean futures are trading 5 to 6.5 cents higher on Thursday morning, extending gains from Wednesday when most contracts rose 3 to 9.5 cents led by front months. Open interest increased by 11,141 contracts, indicating new buying, while 30 deliveries were made against July soybeans overnight. The cmdtyView national average cash bean price climbed 15.25 cents to $10.8525. Soymeal futures were steady to $1.90 higher, and soy oil futures were mixed, ranging from 28 points higher to 24 points lower, with 169 deliveries against July soybean oil. Markets will be closed Friday for the Independence Day holiday, reopening Sunday night. USDA's weekly export sales report is due shortly, with analysts expecting 2025/26 soybean sales between 300,000 and 650,000 metric tons and new crop sales between 350,000 and 900,000 metric tons. Soybean meal sales are estimated at 100,000 to 500,000 metric tons, and bean oil sales at 0 to 13,000 metric tons. NASS Fats & Oils data showed May soybean crush at 213.1 million bushels, below trade expectations of 214.9 million bushels, down 2.02% from April but up 4.62% year-over-year.

Impact on assets 3

Others▲ · 3 stocks
⛏Soybean Futures
SOYBEAN
▲ PositiveDemandrelevance

Soybean futures up 5-6.5 cents with increased open interest indicating new buying ahead of expected strong export sales.

⛏Soybean Oil Futures
SOYOIL
± MixedSupplyrelevance

Soy oil futures mixed with deliveries against July oil; May crush below expectations but up year-over-year.

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