Soybeans Join the Thursday Rally, with Bean Oil Paving the Way

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 Join the Thursday Rally, with Bean Oil Paving the Way March 05, 2026 — 07:44 pm EST Written by Austin Schroeder for Barchart-> Soybeans were higher on Thursday led by the bean oil market, as the raw beans were up 3 to 9 ¾ cents at the close, led by the nearbys. The cmdtyView national average Cash Bean price was up 9 3/4 cents at $11.05 1/2. Soymeal futures were 50 cents to $2.40 lower on the day, with Soy Oil futures 67 to 223 points higher in the front months. Crude oil couldn’t hold above the $80 level but were still up $4.23 on the day. Ahead of the Trump/Xi meeting later in March, Secretary Bessent has indicated he looking for China to expand puschases of US soybeans, accord to a WSJ article. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. The weekly Export Sales report from USDA showed 383,492 MT of soybeans sold in the week of 2/26. That was down 5.8% from the previous week, but 31.11% above the same week last year. China was the buyer of 153,100 MT, with 133,000 MT switched from unknown, as 133,000 MT was sold to the Netherlands and 110,400 MT to Egypt.Soybean meal sales were pegged at 255,760 MT, sneaking into the range of 200,000-550,000 MT estimates. Bean oil sales were tallied at 7,662 MT, which was in the middle of the estimates ranging from net reductions of 20,000 MT to net sales of 26,000 MT.Brazil’s soybean crop is estimated at 183.1 MMT according to AgroConsult, up 0.85 MMT from their previous number. February exports out of Brazil were tallied at 7.113 MMT, more than triple January and 10.66% above Feb 2025. Soybeans in Argentina are estimated at 30% good/excellent according to the Buenos Aires Grains Exchange, up just 1 percentage point from last week. Statistics Canada released planting intentions data for 2026 this morning, with canola estimated at 21.84 million acres, well shy of estimates of 22.3 million acres coming in. That was still up 1% from the same total last year. Soybean acres are seen at 5.89 million acres, up 108,000 acres from a year ago.Mar 26 Soybeans closed at $11.63 3/4, up 9 1/4 cents,Nearby Cash was $11.05 1/2, up 9 3/4 cents,May 26 Soybeans closed at $11.79 1/4, up 9 3/4 cents,Jul 26 Soybeans closed at $11.92 1/2, up 9 1/2 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 Soybeans Continue to Rally?

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