Market Highlights
Soybeans posted the strongest gains of the session.
Corn rallied toward session highs.
Wheat attempted to recover despite seasonal harvest pressure.
Traders are positioning ahead of Monday’s major USDA Acreage and Grain Stocks Report.
Cattle futures remained firm while feeder cattle backed off early highs.
🌱 Soybeans Lead the Grain Rally
Soybeans were the clear leader, supported by stronger soybean oil, soybean meal, and improving crush demand.
What’s Driving the Rally?
Crude oil recovered roughly $2.50 from overnight lows near $68.90.
Stronger energy prices helped lift soybean oil.
A new Illinois crush plant opened, capable of processing approximately 300,000 bushels per day, improving local basis levels.
Traders continue watching for potential Chinese buying interest.
Soybean Futures
July Soybeans
Up 14¾ cents
Closed at $11.23
November Soybeans
Up 17¾ cents
Closed at $11.52¾
Soybean Products
July Soybean Meal
Up $2.80/ton
Closed at $306.40
December Soybean Oil
Up more than 1 cent
Closed at 66.75
