Soybeans Rallying to Start Wednesday

Market Overview - Soybeans started the trading session with gains of 10 to 12 cents but closed lower, down 5 to 7 cents at the end of the day [1] - The national average Cash Bean price decreased by 5 cents to $9.82 1/4 [1] - Soymeal futures increased by 20 cents to $1.30, while Soy Oil futures fell by 38 to 47 points [1] Export Activity - China purchased 10 cargoes of US soybeans for shipments scheduled between March and May, confirmed by USDA with a private export sale of 336,000 MT to China [2] - USDA revised the December 30 flash sale figures, adjusting the total from 231,000 MT for unknown destinations to 136,000 MT to China and 206,700 MT to unknown destinations [2] Commitment and Import Data - Total soybean commitments are reported at 27.698 MMT, reflecting a 31% year-over-year decline, which is only 51% of USDA's projection and below the 52% average pace [3] - EU soybean imports from July 1 to January 4 reached 6.46 MMT, lagging behind last year's figures by 0.88 MMT [3] - Brazil's soybean exports in December were recorded at 3.38 MMT, marking a 68.6% increase from December 2024 but a 19.4% decrease from November [3] Price Movements - January 26 Soybeans closed at $10.42, down 5 1/4 cents, while currently showing an increase of 10 1/2 cents [4] - Nearby Cash was reported at $9.82 1/4, down 5 cents [4] - March 26 Soybeans closed at $10.56 1/4, down 5 3/4 cents, currently up 11 1/2 cents, and May 26 Soybeans closed at $10.68, down 6 1/4 cents, currently up 11 3/4 cents [4]