Group 1 - Soybean futures experienced a slight decline of 1 to 2 cents in early Tuesday trading, following a previous week where most contracts gained 4 to 5 cents [1] - The national average cash bean price increased by 5 1/4 cents to $9.87 1/4, while soymeal futures rose by 80 cents to $2.40 higher, despite a drop of $13.70 in March last week [1] - The Commitment of Traders report indicated that spec traders reduced their net long positions in soybean futures and options by 44,756 contracts, bringing the total to 12,961 contracts as of January 13 [2] Group 2 - Total soybean commitments as of January 8 stood at 30.637 million metric tons (MMT), which is 25% lower than the same period in 2025 and represents 71% of the USDA projection [3] - Actual accumulated soybean shipments reached 17.984 MMT, accounting for 42% of the USDA's estimate and significantly trailing the 60% average pace [3] - The Brazilian soybean harvest is estimated to be 2% complete as of last Thursday, according to AgRural [3]
Soybeans Easing Back Lower on Tuesday Morning
Yahoo Finance·2026-01-20 13:32