Soybeans Holds onto Gains on Tuesday

Group 1 - Soybean prices showed slight increases, with the national average cash bean price rising by 1.25 cents to $10.68. [1] - Soymeal futures experienced a decline of $0.10 to $3.40 in the front months, while Soy Oil futures increased by 21 to 44 points. [1] Group 2 - NOPA reported that 221.56 million bushels of soybeans were crushed in January, which is 10.57% higher than last year but down 1.52% from the previous month. [2] - Soybean oil stocks increased by 15.6% from last month and are 49.07% higher compared to the same time last year. [2] Group 3 - Export inspections data indicated that soybean shipments reached 1.203 million metric tons (44.2 million bushels) for the week ending February 12, marking a 5.01% increase from the prior week and a 65.3% increase year-over-year. [3] - China was the leading destination for soybean exports, receiving 684,069 metric tons, followed by Egypt with 223,890 metric tons and Colombia with 81,455 metric tons. [3] - Cumulative marketing year shipments have reached 24.35 million metric tons (894.7 million bushels), reflecting a year-over-year increase of 32.4%. [3] Group 4 - AgRural estimates that 21% of the Brazilian soybean crop has been harvested as of last Thursday, a decrease from the 24% harvest pace in 2025. [4] - As of March 26, soybean prices closed at $11.34, with nearby cash at $10.68 1/2, and May and July 2026 soybean futures closing at $11.48 3/4 and $11.61 3/4 respectively. [4]