Soybeans Rallying Higher on Wednesday

Soybeans are trading up 6–9¢ with the cmdtyView national average cash bean price up 8.25¢ at $10.79¼. Soymeal futures are down $3–4 while soy oil futures are up 120–130 points. The EPA is expected to release the RVO, a regulatory update that could influence biofuel demand and price direction for soy oil.

Analysis

Soybeans are trading up 6–9¢ with the cmdtyView national average cash bean price up 8.25¢ at $10.79¼. Soymeal futures are down $3–4 while soy oil futures are up 120–130 points. The EPA is expected to release the RVO, a regulatory update that could influence biofuel demand and price direction for soy oil.