Market Performance - Soybeans experienced a rally, with contracts closing 10 to 11 cents higher in the front months [1] - The national average Cash Bean price increased by 11.5 cents, reaching $9.94 3/4 [1] - Soymeal futures rose by $3.70 to $6.80, while Soy Oil futures decreased by 8 to 18 points [1] Export Sales Expectations - The USDA has returned to a normal Export Sales release schedule, with expectations of 0.75-1.3 million metric tons (MMT) of 2025/26 soybeans sold for export in the week of January 1 [2] - Sales for 2026/27 are projected to be in the range of 0-300,000 metric tons [2] - Soybean meal bookings are estimated at 100,000-350,000 metric tons, with soybean oil bookings expected to be between 0-30,000 metric tons [2] Crop Production Data - Crop Production data is set to be released on Monday, with the final 2025 soybean yield estimate expected to be 52.7 bushels per acre (bpa) [3] - Production is projected at 4.23 billion bushels (bbu) according to a Bloomberg survey of analysts [3] - January 26 Soybeans closed at $10.52 3/4, up 10 3/4 cents, with nearby cash at $9.94 3/4, up 11 1/2 cents [3]
Soybeans Post Double Digit Rally on Wednesday
Yahoo Finance·2026-01-07 23:08