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Soybeans Slipping at Midday

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⚡ Quantum Brief
Soybean futures declined midday April 2, 2026, with front-month contracts dropping up to 3 cents and cash prices falling 2.75 cents to $10.9775, reflecting weaker demand and geopolitical uncertainty. Crude oil surged $10.54 after a presidential address warned of prolonged Strait of Hormuz strikes, disrupting markets ahead of the Good Friday closure, with Thursday marking the final trading day of the week. USDA export data showed soybean sales at 353,259 MT (35.5% above 2025) but below estimates, with no new-crop business, while soybean meal sales hit 377,362 MT, aligning with mid-range forecasts. February crush data revealed a record 7.65 million bushels/day, though total monthly crush fell 6% from January; year-to-date crush remains 8.3% higher than 2025, per USDA projections. February soybean exports rose 34.6% year-over-year to 4.195 MMT but dropped 27.9% from January, with meal and oil shipments also declining from 2024 peaks.
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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 Slipping at Midday April 02, 2026 — 09:06 pm EDT Written by Austin Schroeder for Barchart-> Soybeans are showing fractional to 3 cent losses in the front months. The cmdtyView national average Cash Bean price is down 2 3/4 cents at $10.97 3/4. Soymeal futures are down $3.00 to $3.60, with Soy Oil futures 150 to 172 points higher. Crude Oil is up $10.54 higher at midday, following President Trump’s address the nation on Wednesday night 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.USDA Export Sales data showed bean sales on the lower end of the estimates of between 300,000-700,000 MT at 353,259 MT in the week of 3/26. That was down from last week but 35.51% above the same week last year. New crop business came in a 0. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Soybean meal sales were tallied at 377,362 MT, which was in the middle of the trade ideas of 200-500,000 MT, Bean oil sales totaled 1,148 MT in that week, in the middle of the 0-12,000 MT estimates. 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. Census trade date was released for February this morning, with a total of 4.195 MMT (154.2 mbu) of soybeans shipped. That was up 34.6% from a year ago but down 27.93% from January. Meal exports were shy of the 2024 Feb record at 1.37 MMT, with bean oil at 71,814 MT. May 26 Soybeans are at $11.65 3/4, down 2 3/4 cents,Nearby Cash is at $10.97 3/4, down 2 3/4 cents,Jul 26 Soybeans are at $11.82 1/4, down 2 1/4 cents,Nov 26 Soybeans are at $11.55, down 1/2 cent,New Crop Cash is at $10.93 1/2, down 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. More news from Barchart Bulls Are in Control of Soybean Meal. Make This 1 Trade Now.

Are Beans Going to Trade in the Teens? Spreads Unwinding: Soybean Meal Prices Highlight a Buying Opportunity Here Market Top Alert: Did Soybean Oil Prices Just Hit Their Peak? 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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