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Soybeans On the Higher Side to Start Thursday

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Soybean futures opened steady to 2 cents higher Thursday morning after Wednesday’s fractional losses, with July contracts driving a 7,472-contract rise in open interest. Cash prices hit $10.99½, up 4¼ cents. February soybean crush data revealed a 12.99% yearly increase to 214.2 million bushels, though down 6.04% from January. Daily crush set a record at 7.65 million bushels, lifting first-half marketing year totals to 1.334 billion bushels. Crude oil surged $9.50 overnight after geopolitical tensions escalated, with strikes expected to continue for 2-3 weeks, threatening Strait of Hormuz stability. Markets close early for Good Friday. USDA export sales estimates for Thursday range from 300,000-700,000 MT for old-crop soybeans, with new-crop sales near zero. Soymeal sales may hit 200-500,000 MT; bean oil forecasts remain low at 0-12,000 MT. May ’26 soybeans traded at $11.68½, up ¾ cent, while July and November contracts also saw modest gains. New-crop cash prices edged up slightly to $10.94¾.
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Soybeans On the Higher Side to Start Thursday April 02, 2026 — 11:00 am EDT Written by Austin Schroeder for Barchart-> Soybeans are trading steady to 2 cents higher on Thursday morning. Futures saw contracts facing some weakness on Wednesday, down fractionally to 3 cents at the close. Open interest was up 7,472 contracts on Wednesday, mostly in July. The cmdtyView national average Cash Bean price was up 4 ¼ cents at $10.99 1/2. Soymeal futures were up $1.50 to $2.40, with Soy Oil futures 100 to 177 points lower. Crude Oil shot $9.50 higher in overnight trade, following President Trump’s address the nation on Wednesday that indicated 2-3 weeks more of strikes and an uncertain fate to the Strait of Hormuz. Thursday will be the last trade day for the week as the markets are off for Good Friday.Monthly soybean crush data via the Fats & Oils report from NASS was released on Wednesday afternoon, showing 214.2 million bushels of soybeans crushed during February. That was up 12.99% vs. last year but down 6.04% from January. Daily crush was still an all time record of 7.65 million bushels. Marketing year crush for the first half is now at 1.334 billion bushels, up 8.28% (102 mbu) yr/yr. USDA is calling for a 130 mbu increase vs. last year. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. USDA Export Sales data is estimated to show between 300,000-700,000 MT in Thursday’s Export Sales update for old crop. New crop business is seen at 0-50,000 MT. Soybean meal sales are seen in a range of 200-500,000 MT, with bean oil at 0-12,000 MT. May 26 Soybeans closed at $11.68 1/2, down 2 1/2 cents, currently up 3/4 centsNearby Cash was $10.99 1/2, up 4 1/4 cents,Jul 26 Soybeans closed at $11.84 1/2, down 1 1/2 cents, currently up 3/4 centsNov 26 Soybeans closed at $11.55 1/2, down 2 cents, currently up 2 1/4 centsNew Crop Cash was $10.94 3/4, up 1/4 cent, 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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