Soybeans Trading with Friday Gains

Market Overview - Soybeans are experiencing gains of 2 to 3 cents, with the national average Cash Bean price at $9.85 1/2, reflecting a 2 1/2 cent increase [1] - Soymeal futures are fluctuating, down 70 cents to $1.10 higher at midday, while Soy Oil futures are down 20 to 25 points [1] Export Sales Data - Total soybean commitments are reported at 30.637 million metric tons (MMT) as of January 8, which is 25% lower than the same period in 2025, representing 71% of the USDA projection and 15 percentage points behind the normal pace [2] - Actual accumulated shipments stand at 17.984 MMT, accounting for 42% of USDA's estimate and significantly trailing the 60% average pace [2] Brazilian Crop Estimates - Safras has increased their Brazilian crop estimate by 0.52 MMT to a total of 179.28 MMT following updates from private firms [2] Futures Prices - March 26 Soybeans are priced at $10.55 1/4, up 2 1/4 cents; Nearby Cash is at $9.85 1/2, up 2 1/2 cents; May 26 Soybeans are at $10.67, up 2 3/4 cents; July 26 Soybeans are at $10.79 1/4, up 3 cents [2]