Soybeans price action is up 7 to 10 cents on Wednesday, with futures showing a 5 to 6 cent increase on Tuesday. Open interest saw new buying, up 5,541 contracts. Cash Bean price rose by 6 1/4 cents to $9.99 1/2. Soymeal futures were down 30 to 60 cents, while Soy Oil futures were 41 to 53 points higher.

Brazil soybean exports for January estimated at 3.23 MMT, down from last week’s estimate. However, this is still higher than the 1.07 MMT shipped in Jan 2025.

EU soybean imports from July 1 to January 23 totaled 7.06 MMT, down from 8.15 MMT last year for the same period.

Soybean prices closed at $10.67 1/4 for Mar 26, $10.79 1/2 for May 26, and $10.92 1/2 for Jul 26.

Nearby Cash closed at $9.99 1/2, up by 6 1/4 cents.

Information in the article is solely for informational purposes and does not mention any positions in securities.

Read more at Yahoo Finance: Soybeans Rallying on Wednesday Morning