Another new price high for soybeans overnight.

February 26, 2026

Overnight, soybeans were firmer, gaining a dime at one point in the early session on hopes Pres. Trump would make friendly comments. Yesterday, Ag markets found support from chatter that China may be in the market for May soybean shipments out of the Pacific Northwest, along with fresh discussion of biofuel policy. Reports indicate that the EPA could rely on Renewable Volume Obligations to set blending targets rather than using RIN values. Quick calculations suggest that more than 5 billion gallons in obligations would translate into roughly 40 billion pounds of feedstock demand, assuming about eight pounds per gallon.