Soybeans posted gains of 1 to 4 3/4 cents to close Wednesday. The national average cmdtyView Cash Bean price rose 2 cents to $10.58 1/4. Soybean meal futures were up $1.00 to $2.20 on the day, and soybean oil futures were down 15 to 36 points on the day.

The average close for November-February futures has been $10.93. Last year’s spring base price for crop insurance was $10.54.

The USDA will release export sales data on Thursday morning with traders looking for 0.3-1.1 MMT in old-crop soybean sales for the week of February 5. Sales for 2026/27 are 0 to 100,000 MT. Soybean meal sales are estimated to total between 200,000 and 450,000 MT, with bean oil between net reductions of 10,000 MT and sales of 16,000 MT.

The Rosario Grains Exchange estimates Argentina’s soybean crop at 48 MMT, 1 MMT higher than its previous figure. CONAB data for Brazil should be released on Thursday morning.

March 26 Soybeans closed at $11.24, up 1 1/2 cents,

The cash close was $10.58 1/4, up 2 cents.

May 26 Soybeans closed at $11.39 1/2, up 2 cents.

July 26 Soybeans closed at $11.52 1/2, up 3 cents,

As of the date of publication, Austin Schroeder had no positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published on Barchart.com