Soybeans open Wednesday trade with slight losses, closing Tuesday down 9-10 cents. Open interest drops significantly, erasing gains from Chinese buying rally. Cash Bean price at $9.92, with Soymeal futures stable and Soy Oil down. EPA delays finalization of 2026 RVOs to first quarter of next year.
China sells 323,000 MT of imported beans, plans auction for 550,000 MT on Friday. EU soybean imports since July 1 total 5.6 MMT, behind last year’s 6.5 MMT. Jan 26 Soybeans closed at $10.62 3/4, down 9 cents, with nearby Cash at $9.92, down 8 3/4 cents. Mar 26 Soybeans close at $10.71 3/4, down 9 1/2 cents, while May 26 Soybeans close at $10.83, down 10 cents.
Read more at Yahoo Finance: Soybeans Leaking Lower on Wednesday Morning
