Current Trends in Soybean Markets

On Tuesday, soybean prices exhibited an increase of 10 to 12 cents, with the new crop for November rising by 4.5 cents. According to CmdtyView, the national cash price for soybeans reached $9.40. Additionally, soymeal futures saw a rise of $2.30 per ton, while soybean oil futures experienced a slight drop of 15 points.

In light of trade developments, a coalition representing the oil and biofuel sectors has requested that the Environmental Protection Agency (EPA) establish the new biodiesel volume at 5.25 billion gallons. Furthermore, there is anticipation surrounding the U.S. Department of Agriculture's (USDA) upcoming monthly World Agricultural Supply and Demand Estimates (WASDE) report, scheduled for Thursday. Analysts' expectations indicate that the U.S. carryout will likely be reported at 379 million bushels, slightly down from 380 million bushels reported in the previous month.

Regarding specific soybean futures, the May 2025 contracts are currently priced at $9.94, marking an 11.75-cent increase. The nearby cash price has also seen a rise, currently at $9.40. Meanwhile, July 2025 soybeans stand at $10.07, increasing by 10.25 cents. The November 2025 contracts are valued at $9.85, reflecting an uptick of 4.5 cents. Lastly, the new crop cash price is sitting at $9.23, up by 4.25 cents.

In summary, the soybean market is displaying upward trends, influenced by various factors including trade tariffs and industry requests related to biodiesel production. Market participants are keenly awaiting the next USDA update for further insights into supply and demand dynamics.