SOYBEAN futures at the Chicago Board of Trade were stronger on Wednesday, due to strong gains in crude oil earlier in the session.
There were 226.16 million bushels of soybeans crushed in the United States during March, according to the National Oilseed Processors Association. Although that was short of the average trade guess of nearly 230 million bushels, it was 16.25 per cent more than the previous March.
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The U.S. Department of Agriculture revised its number for soybean export inspections to 730,000 tonnes from 810,000 in Monday’s report.
Crop consultant Michael Cordonnier left his estimate on the 2025-26 Brazil soybean harvest at 179 million tonnes and the Argentine crop at 48 million tonnes.
Malaysian palm oil exports for April 1-15 were 601,401 tonnes compared to 609,868 from March 1-15.
France said its planted rapeseed area is to increase nine per cent for 2026-27 at 1.38 million hectares.
CORN futures were higher on Wednesday, pushed up by the spillover from soy.
The U.S. Energy Information Administration reported ethanol production for the week ended April 10 averaged 1.12 million barrels per day, nudging up by 4,000 BPD. Ethanol stocks increased by 646,000 barrels at 26.7 million.
Reports said the U.S. Department of Justice is continuing its investigation into alleged fertilizer price gouging.
The USDA adjusted recent corn export inspections to 1.61 million tonnes from 1.78 million.
Cordonnier added 2 million tonnes to his call on Brazil’s total 2025-26 corn crop, now at 134 million tonnes.
WHEAT futures were slightly higher on Wednesday, cooling off from a strong rally.
While the U.S. Southern Plains continued to contend with drought conditions, the Northern Plains could see some planting delays due to a snowstorm this week.
France cut 800,000 tonnes from its soft wheat ending stocks, now at 3.31 million tonnes.
