Soybean futures closed Friday’s session with gains of 5 ¾ to 12 ¾ cents as May rose 24 cents this week. November rose 27 cents for the week. cmdtyView’s national average Cash Bean price rose 13 1/2 cents to $11.37 3/4. Soybean meal futures were steady, up $2.10, with the exception of May, which was down $1.50, as May lost $3.50 for the week. Soybean oil futures rose between 29 and 93 points on Friday, while May was 474 points in the green this week.
Trader Commitment data showed that soybean futures and options speculators trimmed 7,602 contracts from their net long position as of April 28, bringing the position to 185,282 contracts. Bean oil extended its net long record by 281 contracts to 165,725 contracts.
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The USDA monthly Fats and Oils report on Friday afternoon showed March soybean crushes at 227.36 million bushels, below the estimate of 231.1 mbu. That was still 6.15% above February and 9.98% above the same month in 2025. Marketing year crush is now 1.651 million bushels, up 8.5% from the same period last year. Soybean oil reserves were estimated at 2,456 million pounds.
Thursday’s USDA weekly export sales report has total soybean commitments at 38.776 million tons, a decrease of 18% from the same week last year. That was also 93% of the USDA export number and 4 percentage points behind the 5-year average.
On May 26, soybeans closed at $11.87 3/4, an increase of 5 3/4 cents.
The cash close was $11.37 3/4, an increase of 13 1/2 cents,
On July 26, soybeans closed at $12.03 1/4, up 7 3/4 cents.
On Nov. 26, soybeans closed at $11.82 3/4, up 9 3/4 cents.
Cash for new crops was $11.23 3/4, an increase of 11 3/4 cents,
As of the date of publication, Austin Schroeder had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com