Soybeans Leading the Rally at Thursday's Midday

Soybeans led midday trading on Thursday, rising across most contracts as prices moved higher in Chicago-style market benchmarks. The article reported soybeans up 12 to 17 cents, with the cmdtyView national average cash bean price up 13 1/4 cents to $10.72 1/2. Soymeal futures were up $2.40 to $2.70 in nearby contracts, while Soy Oil futures gained 55 to 70 points. Weather into July was described as limited in parts of the central and northern U.S. Plains and Corn Belt, based on NOAA’s 7-day QPF, with 1 to 3 inches projected across much of the Eastern Corn Belt. Export sales data showed 455,405 MT of 2025/26 soybeans sold in the week of June 18, near the top of an estimated 100,000 to 500,000 MT range. New-crop marketing year sales totaled 902,159 MT, a marketing-year high, while soybean meal and bean oil booked lower amounts. The International Grains Council left its 2026/27 production estimate at 442 MMT, with stocks at 76 MMT.