Soybean futures rising due to increased crushing, Brazilian exports, and crop estimates

From Yahoo Finance: 2025-07-02 08:49:00

Soybean futures are on the rise despite early weakness, with open interest up and no deliveries issued overnight. Fats & Oils report shows an increase in soybean crushing in May. Brazilian exports and soybean crop estimates are also up. Prices for various soybean futures are showing gains.

Jul 25 Soybeans closed slightly higher at $10.24 3/4, with nearby cash prices up to $9.88 3/4. Aug 25 and Nov 25 Soybeans closed steady, with new crop cash prices up. Market outlook remains positive with increases in Brazilian exports and crop estimates.

Read more: Soybeans Pushing Higher on Wednesday Morning