Conventional Commodity Market Intelligence

Conventional US #1 soybean cash bids showed no established averages or ranges at major delivery points for the week of April 27, 2026, indicating thin trading and limited price discovery ahead of harvest. Market participants should monitor futures curves and external basis commentary for soybean pricing guidance, as internal cash bids remained unreported across Iowa and South Carolina locations. Buttermilk powder prices firmed week-over-week to $1.74–1.89/lb in Central/East and $1.75–1.92/lb in the West for the week of May 11, 2026. Dry whole milk traded at $2.05–2.65/lb nationally FOB, while