Soybean Prices Rise Amid Rain Delays and Lower Crush Data
On Wednesday morning, soybean futures continued to rise with gains of around six to seven cents. The front-month contracts saw increases of up to eleven cents on Tuesday following strong soymeal performance. Open interest rose by nearly ten thousand contracts, indicating new buying activity in the market. The national average Cash Bean price climbed 14.5 cents to $12.60 per bushel as traders reacted to recent weather forecasts and supply concerns. Heavy rainfall is expected across key soybean regions like eastern Nebraska, South Dakota through Minnesota, Iowa, northern Missouri, and parts of the Eastern Corn Belt, potentially delaying harvests. NOPA data showed August crush levels at 205.46 million bushels—below expectations but up from last year. Brazil's CONAB estimated its soybean crop for 2025/26 at 180.4 MMT and projected a slightly higher output of 181.64 MMT for the next season, below USDA forecasts.
