Soybeans Rally on Tuesday with Lower Acres Expected

Soybeans gained 5 to 13.5¢ across most contracts, led by new-crop months; the cmdtyView national average cash bean price rose 8.25¢ to $10.95. Soymeal futures advanced $1.10 to $2.50 across contracts and soy oil futures were 14–41 points higher. The moves signal a mild bullish bias in the oilseed complex—monitor upcoming NASS data for supply cues that could reinforce or reverse the rally.

Analysis

Soybeans gained 5 to 13.5¢ across most contracts, led by new-crop months; the cmdtyView national average cash bean price rose 8.25¢ to $10.95. Soymeal futures advanced $1.10 to $2.50 across contracts and soy oil futures were 14–41 points higher. The moves signal a mild bullish bias in the oilseed complex—monitor upcoming NASS data for supply cues that could reinforce or reverse the rally.