Soybeans are trading with double-digit losses at midday, with contracts down between 10 and 11 cents. The market has now recaptured the entire Chinese soybean rally as futures filled in the gaps on the October chart this morning. cmdtyView’s national average Cash Bean price is one cent lower: $9.91 3/4. Soybean meal futures are down 50 cents to $1.20, and soybean oil futures are down 124 to 126 points. The EPA announced that completion of RVOs set for 2026 is not expected to occur until the first quarter of next year, confirming reports from the weekend.
The CFTC on Monday released a report on trader commitment for the week ending Nov. 25, showing that managed money trimmed 15,336 contracts from its net long position in soybean futures and options. That net length stood at 214,289 contracts on that date.
China’s state warehouse sold 323,000 MT of imported beans on Tuesday, and another auction for 550,000 MT was scheduled for Friday. EU soybean imports since July 1 have totaled 5.6 million tonnes through December 14, down from 6.5 million tonnes at the same rate last year.
January 26 Soybeans are at $10.61 1/2, down 10 1/4 cents.
Nearby cash is at $9.91 3/4, down 10 cents.
March 26 Soybeans are at $10.71 1/4, down 10 cents.
May 26 Soybeans are at $10.83, 10 cents lower.
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