Chicago Board of Trade soybean futures climbed on Friday as traders engaged in short covering and position squaring before the long U.S. Memorial Day holiday weekend.

CBOT July soybeans (CBOT:SN26) closed up 2-1/4 cents at $11.96-1/2 per bushel. July soyoil (CBOT:BON26) settled up 0.11 cent at 73.98 cents per pound, while July soymeal (CBOT:SMN26) rose $3.50 to finish at $331.90 per short ton.

Price increases were limited by favorable crop weather conditions across the U.S. Midwest. Forecaster Commodity Weather Group reported that rains in parts of the region are expected to support crop development in the coming weeks.

The USDA on Friday confirmed private sales of 252,000 metric tons of U.S. soymeal to undisclosed destinations.

Net U.S. soybean export sales last week reached 351,423 metric tons for shipment in the 2025/26 marketing year and 172,729 tons for 2026/27, meeting trade expectations.
Source: Investing.com