Soybeans Mixed at Midday
Soybean markets displayed a split performance during midday trading on Tuesday, March 24, 2026. While front-month contracts experienced declines of 1 to 2 cents, deferred contracts moved higher.
The cmdtyView national average Cash Bean price settled down 1 3/4 cents at $10.78 1/2. In the byproduct markets, Soymeal futures dropped $3.00 to $3.80, whereas Soy Oil futures climbed between 44 and 70 points.
European Import Data Weighs on Sentiment
Trade data from the European Union indicates a contraction in demand compared to the previous year. EU soybean imports were tallied at 8.92 MMT as of March 22 since July 1, down from 10.002 MT in the same period last year.
Specific contract prices reflected this mixed sentiment:
- May 26 Soybeans: $11.61 3/4 (down 1 3/4 cents)
- Nearby Cash: $10.87 1/2 (down 1 3/4 cents)
- Jul 26 Soybeans: $11.77 3/4 (down 1 1/4 cents)
- Nov 26 Soybeans: $11.48 3/4 (up 2 1/4 cents)
- New Crop Cash: $10.87 1/2 (up 2 1/4 cents)
Regulatory Outlook and Market Drivers
Market participants are looking ahead to the Environmental Protection Agency's expected release of the Renewable Volume Obligation (RVO) number later this week. This announcement is anticipated to add some premium back into the bean oil market.
While soybeans faced mixed pressure, other commodities saw sharper moves driven by different factors:
- Coffee: Prices fell due to a favorable crop outlook in Brazil.
- Cocoa: Values dropped on expectations of a bumper West African harvest.
*Disclosure: 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.*
Original source
Published: Mar 24, 2026
Disclosure
This article is based on third-party reporting. Budget Nerd does not guarantee completeness or accuracy and is not responsible for external source content.