Soybeans Rally to the Teens on Tuesday Following EPA News, Ratings Drop

Soybeans were rallying on Tuesday, contracts 21 to 29 3/4 cents in the green at the close. The cmdtyView national average Cash Bean price was up 11 ¾ cents at $12.62 1/4. Soymeal futures were up $1.80 to $7.40 on the day, with Soy Oil up 116 to 187 points. There were no delivery notices overnight against September beans, with 52 deliveries for September meal and none for September bean oil. 

On Monday afternoon, EPA announced they were granting 18 small refinery exemptions for 2025, with another 11 partial exemptions and denying 3. The total volume exempt was 1.76 billion RINs, with 100% of the difference between projected and actual exempt totals reallocated for 2026 and 2027 RVOs.

USDA reported a private export sale of 136,000 MT to China this morning for 2026/27.

Monday’s Crop Progress data from NASS showed condition ratings were down 2% at 58% gd/ex, with the Brugler500 index falling 4 points to 353. Deterioration was seen in IL (-1), KS (-17), KY (-15), LA/MN (-12), MS (-5), SD (-2), and WI (+6). Some improvement was noted in IN (+5), MI/NE/OH (+2), MO/ND (+4), and TN (+1).

July soybean crush was released this afternoon with a total of 221.9 mbu of soybeans used by crushers in the month. That exceeded trade ideas, up 1.89% over June and was 8.16% larger than last year. Soybean oil stocks were seen at 1.963 billion lbs, down 6.4% from June and 4.73% above last year.

StoneX estimates the Brazilian soybean crop at 183.5 MMT, which is up 0.4 MMT from the previous number. 

Sep 26 Soybeans  closed at $13.06 3/4, up 31 1/2 cents,

Nearby Cash  was $12.62 1/4, up 11 3/4 cents,

Nov 26 Soybeans  closed at $13.17 3/4, up 29 3/4 cents,

Jan 27 Soybeans  closed at $13.32 3/4, up 29 1/2 cents,