Soybeans Sneaking Higher on Wednesday
From Yahoo Finance: 2025-06-18 08:36:00
Soybean prices are up 1 to 2 cents on Wednesday, closing Tuesday’s session 4 to 8 cents higher. Preliminary open interest saw a drop of 9,038 contracts, with the cmdtyView Cash Bean price at $10.25. Soymeal futures rose $1.40 to $3.20/ton, while Soy Oil saw minor losses.
The markets will be closed on Thursday for Juneteenth, with government reports delayed a day. The weekly USDA crop progress report showed a 2% drop in soybean conditions to 66% gd/ex, with varying changes in different states.
EU soybean imports totaled 13.58 MMT as of June 15, up from last year. Brazilian soybean exports are projected to reach 14.37 MMT in June, above previous estimates. Jul 25 Soybeans closed at $10.74, up 4 1/4 cents.
Nearby Cash was $10.25 1/1, up 4 1/2 cents. Aug 25 Soybeans closed at $10.76 1/4, up 4 1/2 cents. Nov 25 Soybeans closed at $10.67 3/4, up 7 1/4 cents. New Crop Cash was $10.14 3/4, up 8 1/4 cents.
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