Soybeans Posting Friday AM Strength

nasdaq
2026.05.01 14:15
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Soybeans are experiencing a morning rise, with contracts increasing by 3 to 4 cents. After a dip on Thursday, futures closed mixed, with old crop contracts down slightly and new crops up. Open interest rose by 11,395 contracts. The USDA's weekly Export Sales report indicated a total of 258,066 MT for 2025/26, a 30.47% decrease from last year. China was the leading buyer. Soybean meal sales were within expected ranges, while soybean oil usage for biodiesel reached a seven-month high. Current prices show slight fluctuations in various contracts.