Soybeans posted gains of 2 to 4 cents across most contracts on Wednesday. CmdtyView’s national front month Cash Bean price was up 3 cents at $9.87 3/4. Soymeal futures closed with $2.40 to $3.30/ton gains, as Soy Oil futures were up 15 to 24 points. The CME will be closed on Friday in observance of Good Friday, with a normal Thursday close and Sunday night open.
Overnight, the US raise the tariff total on China to 245%. China has not responded though they have previously indicated they would not be raising their tariffs from the last hike. The market failed to show much reaction to the overnight news.
USDA will release their Export Sales report on Thursday morning, with analysts expecting to see 100,000 to 800,000 MT of soybean business in the week of April 10 for old crop. Sales for 2025/26 are estimated at 0-150,000 MT. Soybean meal sales are pegged in a range of 145,000 and 450,000 MT, with bean oil 0 to 50,000 MT.
May 25 Soybeans closed at $10.38 3/4, up 2 3/4 cents,
Nearby Cash was $9.87 3/4, up 3 cents,
Jul 25 Soybeans closed at $10.50 1/4, up 3 3/4 cents,
Nov 25 Soybeans closed at $10.34 1/4, up 4 1/2 cents,
New Crop Cash was $9.73 3/4, up 4 3/4 cents,
