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Tuesday, 1 July 2025
Investing

Soybeans Rallies as RVO Proposal Pushes Bean Oil Up the Limit

After the release of EPA from this morning, the soybean market was well supported on Friday. The contracts shut down the session, which is with a profit of 25 to 28 cents. It helped push the July contract in Green with a benefit of 12 1/2 cents in the week, as November 17 was 3/4. CMDTYVIEW Cash bean The price 25 3/4 cents was more than $ 10.20.20 1/2. Soyamil Futures were below $ 3.20 to 3.40/ton, as July contracts lost $ 3.80 this week. Soy oil To push the weekly benefits for 311 points for July, the 3 percent limit in the majority of contracts closed with the benefit, led the charge from the front.

The EPA released its RVO announcement this morning, proposed a 5.61 billion gallon limit for biomass-based diesel, starting from 2026 (5.86 billion for 2027), above the sum of rumor a few weeks ago. They are looking to cut the rhin credit up to half for imported feedstocks.

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The commitment of traders report from CFTC on Friday afternoon showed a total of 17,038 contracts in the Money Net Long situation managed till June 10. This net long was 25,639 contracts till Tuesday.

The NOPA crush data will be released on Monday, in which traders are looking for a total of 193.52 million bushes among members in May.

Export sales data shows US soybean export commitments at 48.713 MMT, which is 97% of the current USDA forecast and increases the average sales speed of 100%. The shipment for the marketing year is 45.119 mm per 45.119 mm that is at 90% of the entire year’s launch and matches the normal shipping speed.

July 25 Soybean Closed at $ 10.69 3/4, up to 27 1/2 cents,

Cash $ 10.20 1/2, 25 3/4 cents,

25 August Soybean Closed at $ 10.69, up to 28 cents,

25 November Soybean Closed at $ 10.54 3/4, up to 27 1/2 cents,

New crop cash $ 10.06 1/1, up to 35 cents,

On the date of publication,

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