Soybeans Posting Mixed Friday Trade
The soybean market is slipping 1 to 2 cents in the front months and showing 1 ½ gains in November. CmdtyView’s national front month Cash Bean price down 2 cents at $10.03 ¾. Soymeal futures are up $1.80/ton, as Soy Oil futures are down 36 points on the session. May options expire today.
Price limits are set to be widened by a nickel on May 1 to 75 cents, according to a release from the CBOT on Thursday
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Overnight, China issued some tariff relief in the form of exemptions. Soybeans did not make the list, but it may signal some pain is being felt in Beijing.
Thursday morning’s Export Sales report brought the total export sale commitments to 47.056 MMT, which is 13% above the same time in 2024. That is 95% of USDA’s export estimate and matches the 95% average pace.
May 25 Soybeans are at $10.50 1/2, down 2 1/4 cents,
Nearby Cash is at $10.03 3/4, down 2 cents,
Jul 25 Soybeans are at $10.60, down 2 cents,
Nov 25 Soybeans are at $10.36 1/2, up 1 1/2 cents,
New Crop Cash is at $9.73 1/2, up 3/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
- Can Grain and Oilseed Prices Move Even Higher?
- The Soybean Market Is Demonstrating Resilience. Here Are the Levels to Watch Before You Buy July Soybean Futures.
- July Soft Red Winter Wheat Prices May Have Found a Bottom. Here Are the Levels to Watch Before You Buy.
- Cotton Prices Have Bottomed, But Fundamentals Need to Improve for a Sustained Price Uptrend
