Soybeans Post Slight Thursday Gains as USDA Makes Very Few Major Changes

Soybeans gained 0.25–4¢ on Thursday, led by the front months, with the cmdtyView national average cash bean price up 3.75¢ at $10.97½. Soymeal futures rose $1 to $3.50 and soyoil futures advanced 28–39 points, reflecting modest, broad-based strength across the soy complex that is unlikely to materially move wider markets.

Analysis

Soybeans gained 0.25–4¢ on Thursday, led by the front months, with the cmdtyView national average cash bean price up 3.75¢ at $10.97½. Soymeal futures rose $1 to $3.50 and soyoil futures advanced 28–39 points, reflecting modest, broad-based strength across the soy complex that is unlikely to materially move wider markets.