Soybean futures climbed 5 to 6.5 cents in Thursday morning trading, extending Wednesday’s gains of 3 to 9.5 cents across most contracts, with front-month futures leading the advance. Open interest rose by 11,141 contracts, signaling new speculative buying. Thirty deliveries were tendered against July soybeans overnight. The national average cash soybean price rose 15.25 cents to $10.8525 per bushel. Soymeal futures traded steady to $1.90 higher, while soyoil futures were mixed, ranging from 0.28 cents higher to 0.24 cents lower. No new deliveries were issued against July soybean meal, though 169 deliveries were posted for July soyoil. Markets will be closed Friday for the Independence Day holiday, with a normal Sunday night reopen.
The USDA’s weekly Export Sales report is due shortly. A Reuters survey places analyst expectations for 2025/26 soybean sales between 300,000 and 650,000 metric tons for the week ended June 25, with new-crop sales projected at 350,000 to 900,000 metric tons. Soymeal sales are estimated at 100,000 to 500,000 metric tons, while bean oil sales are seen between zero and 13,000 metric tons.
Monthly Fats & Oils data from NASS showed May soybean crush at 213.1 million bushels, below the trade estimate of 214.9 million bushels. The figure was down 2.02% from April but up 4.62% year-over-year.
Jul 26 Soybeans closed at $11.2625, up 9.5 cents, currently up 6.5 cents
Nearby Cash was $10.8525, up 15.25 cents
Aug 26 Soybeans closed at $11.3325, up 9 cents, currently up 6.25 cents
Nov 26 Soybeans closed at $11.4925, up 5.5 cents, currently up 5.75 cents
New Crop Cash was $10.8525, up 7.75 cents
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