Soybeans Starting Monday with Strength

Soybeans are trading 3 to 8 cents higher so far on Monday morning. Futures closed the Friday session with 5 ¾ to 12 ¾ cent gains, as May was 24 cents higher last week. November was up 27 cents on the week. Preliminary open interest suggested new buying interest, up 10,854 contracts on Friday. The cmdtyView national average Cash Bean price was up 13 1/2 cents at $11.37 3/4. Soymeal futures were steady to $2.10 higher, with May the exception, down $1.50, as May was down $3.50 on the week. Soy Oil futures were 29 to 93 points higher on Friday, as May was 474 points in the green last week. There were 309 deliveries issued against May soybeans on Friday night, with 29 for May bean oil.Commitment of Traders data showed speculators in soybean futures and options trimming 7,602 contracts from their net long position as of April 28, taking the position to 185,282 contracts. Bean oil extended their record net long by 281 contracts to 165,725 contracts. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.USDA’s monthly Fats & Oils report from Friday afternoon showed March soybean crush at 227.36 million bushels, shy of the 231.1 mbu estimate. That was still 6.15% above February and 9.98% above the same month in 2025. Marketing year crush is now 1.651 billion bushels, up 8.5% from the same period last year. Soybean oil stocks were tallied at 2.456 billion lbs. USDA’s weekly Export Sales report from Thursday has total soybean commitments at 38.776 MMT, an 18% decline from the same week last year. That was also 93% of the USDA export number and 4 percentage points behind the 5-year average.May 26 Soybeans closed at $11.87 3/4, up 5 3/4 cents, currently up 7 3/4 centsNearby Cash was $11.37 3/4, up 13 1/2 cents,Jul 26 Soybeans closed at $12.03 1/4, up 7 3/4 cents, currently up 5 3/4 centsNov 26 Soybeans closed at $11.82 3/4, up 9 3/4 cents, currently up 3 1/2 centsNew Crop Cash was $11.23 3/4, up 11 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart Soybean Meal Is a Value-Buying Opportunity, And These Prices Highlight a Swing Trade Here Soybean Meal Prices Should Start Climbing Higher as Spreaders Unwind Trades, Crush Stays Strong Soybean Meal Bulls Spring to Life Supporting Soybean Prices; Cotton Prices Surging How Much Higher Can Soybean Meal Prices Go Here? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.