Soybeans are slipping back 1 to 2 cents so far on Tuesday AM trade. Futures posted 4 to 5 cent gains across most contracts on Friday, as March was down just 4 ¾ cents on the week. Friday’s preliminary open interest was up 5,478 contracts. The cmdtyView national average Cash Bean price was 5 1/4 cents higher at $9.87 1/4. Soymeal futures up 80 cents to $2.40 higher, despite March falling $13.70 last week. Soy Oil futures were down 18 to 36 points on Friday, with the weekly move 292 points higher.
The weekly Commitment of Traders report on Friday afternoon showed spec traders in soybean futures and options slashing another 44,756 contracts from their net long to 12,961 contracts as of 1/13.
Export Sales data shows total soybean commitments now at 30.637 MMT as of 1/8, 25% below the same period in 2025. That is 71% of the USDA projection and 15 percentage points behind normal. Actual accumulated shipments are 17.984 MMT, or 42% of USDA’s estimate and well behind the 60% average pace.
Brazilian soybean harvest is estimated at 2% complete as of last Thursday according to AgRural.
Mar 26 Soybeans closed at $10.57 3/4, up 4 3/4 cents, currently down 1 1/4 cents
Nearby Cash was $9.87 1/4, up 5 1/4 cents,
May 26 Soybeans closed at $10.68 3/4, up 4 1/2 cents, currently down 1 cent
Jul 26 Soybeans closed at $10.81 1/4, up 5 cents, currently down 1 cent
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
