🌱 Soybeans – New High Close for the Year
Soybeans pushed to new rally highs overnight
Morning trade faded slightly (no flash sales reported)
Strength returned thanks to strong soybean meal
Soybean oil:
Made new highs overnight
Near steady during the day
EPA update:
RVO/SRE proposals reportedly submitted to the White House
2–4 week review process begins
Announcement expected in March
Crush spread logic:
If bean oil demand increases → crushers need more beans → more meal produced
Meal strength helping support overall bean prices
📊 Closing Prices:
May Soybeans: ⬆️ 7¼¢ at $11.62½ (New high close for 2026)
July Soybeans: ⬆️ 6½¢ at $11.74¾
November (New Crop): ⬆️ 5¢ at $11.26¼
🌽 Corn – Quietly Turning Friendly?
Market absorbing heavy farmer selling in February
