Soybeans Trading with Gains at Midday

Market Overview - Soybeans are experiencing gains of 2 to 5 ¾ cents at midday, with the national average cash bean price rising by 3 cents to $9.91 [1] - Soymeal futures increased by 30 cents to $1.20, while Soy Oil futures rose by 30 to 40 points [1] Export Data - The USDA reported a private export sale of 198,000 MT of soybeans to unknown destinations [1] - As of January 1, US soybean export sale commitments reached 28.576 MMT, with 29% attributed to the same week in 2024/25, representing 64% of the USDA's export projection [2] - Shipments have decreased by 45% year-over-year to 16.347 MMT, which is 37% of the USDA forecast [2] Auction and Stock Data - Sinograin, a Chinese state stockpiler, announced an auction of 1.1 MMT of imported soybeans for January 13 [2] - The upcoming WASDE report is expected to show 2025/26 soybean ending stocks at 295 million bushels, reflecting a 5 million bushel increase month-over-month [3] Futures Prices - January 26 Soybeans are priced at $10.52 ¾, up 5 ¾ cents; Nearby Cash is at $9.91, up 3 cents; March 26 Soybeans are at $10.64, up 2 ¾ cents; May 26 Soybeans are at $10.75 ¾, up 2 ½ cents [3]