Soybeans posted gains of 3 to 9½ cents across most contracts, led by the front months on Wednesday. The cmdtyView national average cash bean price rose 15¼ cents to $10.85¼. Soymeal futures were steady to $1.90 higher, while soy oil futures were mixed, ranging from 28 points higher to 24 points lower.
USDA will release its weekly export sales report on Thursday. A Reuters survey indicates analysts expect 300,000 to 650,000 metric tons of 2025/26 soybeans to have been sold during the week of June 25. New‑crop sales are projected between 350,000 and 900,000 MT. Soybean meal sales are forecast at 100,000 to 500,000 MT, and soybean oil activity is expected to fall within 0 to 13,000 MT.
NASS Fats & Oils data showed that 213.1 million bushels of soybeans were crushed in May, slightly below the trade estimate of 214.9 million bushels. This represents a 2.0 % decline from the previous month but a 4.6 % increase year‑over‑year.
NASS reported that 85.36 million soybean acres were planted this spring in the June Acreage report, modestly above forecasts and 665,000 acres more than the March Prospective Plantings estimate. Double‑cropped acreage rose to 7 %, up from 6 % last year and 4 % in each of the preceding four years. June 1 soybean stocks reached 1.061 billion bushels in the quarterly Grain Stocks report, 5.3 % higher than the same period a year earlier. March 1 stocks were revised upward by 19 million bushels.
July 2026 soybeans settled at $11.26¼, up 9½ cents.
Nearby cash was quoted at $10.85¼, up 15¼ cents.
August 2026 soybeans closed at $11.33¼, up 9 cents.
November 2026 soybeans finished at $11.49¼, up 5½ cents.
New‑crop cash was $10.85¼, up 7¾ cents.