Chicago Board of Trade soybean futures rose on Wednesday, following strength in corn and wheat along with the possibility of renewed export demand from China at a time when soybean demand from domestic crushers remains strong, traders said.
CBOT August soybeans (SQ26) settled up 9 cents, or 0.8%, at $11.33-1/4 per bushel and new-crop November soybeans (SX26) ended up 5-1/2 cents, or 0.5%, at $11.49-1/4 a bushel.
CBOT August soymeal (SMQ26) ended up $1.40, or 0.5%, at $305.30 per short ton while July soyoil (BON26) fell 0.24 cent, or 0.4%, to close at 66.69 cents per pound.
After the close of the CBOT, the U.S. Department of Agriculture reported that U.S. soy processors crushed 213.1 million bushels of soybeans in May, below an average of analyst estimates for 214.9 million bushels, but up 4.6% from the year-ago May 2025 crush.
The CBOT reported 31 deliveries against July (SN26) soybean futures, no soymeal deliveries and 661 deliveries against July (BON26) soyoil futures.
Ahead of the USDA's weekly export sales report on Thursday, traders expected the agency to report net sales of U.S. old-crop soybeans in the week to June 25 at up to 650,000 metric tons and new-crop sales of up to 900,000 tons.