Group 1 - Cotton futures experienced losses of 40 to 70 points in the front months, with March down 211 points this week [1] - Speculative traders increased their net short position in cotton futures and options by 6,717 contracts, bringing the total to 71,746 contracts net short [1] - Export commitments for cotton are at 7.8 million RB as of January 29, which is 12% below last year and represents 68% of the USDA forecast, falling short of the 86% average [2] Group 2 - The Thursday online auction from The Seam reported sales averaging 54 cents per pound on 592 bales [3] - The Cotlook A Index increased by 5 points to 73.20 cents on February 5 [3] - ICE certified cotton stocks rose by 27,344 bales to a total of 74,997 bales as of February 5 [3]

Group 1 - Corn prices increased by 1 to 3 cents on Thursday morning, supported by gains in wheat and a weaker US dollar index, with futures closing up 1 ¼ to 3 ½ cents across the board [1] - The CmdtyView national average Cash Corn price rose by 3 3/4 cents to $3.94 1/2 [1] - Preliminary open interest increased by 20,796 contracts, indicating new buying interest in the corn market [1] Group 2 - EIA data revealed a decrease in ethanol production by 5,000 barrels per day to 1.114 million bpd for the week of January 23, while stocks decreased by 339,000 barrels to 25.4 million barrels [2] - Ethanol exports fell by 61,000 bpd to 157,000 bpd, but refiner inputs of ethanol increased by 31,000 bpd to 883,000 bpd [2] Group 3 - Export Sales data is expected to be released, with traders anticipating 2025/26 corn bookings between 1 to 2.5 million metric tons for the week of January 22, and sales for 2026/27 projected between 0 and 200,000 metric tons [3] - March 26 Corn closed at $4.30, up 3 1/2 cents, while May 26 and July 26 Corn closed at $4.38 and $4.44 respectively, both showing gains [3]

Market Overview - Lean hog futures closed lower on Friday, with nearby contracts down by 10 to 25 cents, while February futures increased by 7 cents and April futures rose by 97 cents [1] - Preliminary open interest increased by 4,079 contracts on Friday [1] Pricing and Sales Data - USDA's national base hog price was reported at $83.56, up 47 cents from the previous day [1] - The CME Lean Hog Index rose by 67 cents to $83.07 on January 21 [1] - Export Sales data indicated 33,249 MT of pork sold for the week ending January 15, with shipments at 39,223 MT [2] Inventory and Slaughter Statistics - Monthly Cold Storage data showed pork stocks at 390.55 million lbs as of December 31, a decrease of 1.5% from the previous year, marking the lowest December level since 1997 [3] - USDA estimated federally inspected hog slaughter for the previous week at 2.484 million head, which is 139,000 head lower than the previous week but 10,192 head higher than the same week last year [4] Futures Market Activity - Commitment of Traders data revealed that managed money increased their net long position in lean hog futures and options by 14,794 contracts as of January 20, reaching a total net long of 97,418 contracts, the largest since October [3]

Group 1: Soybean Market Performance - Soybeans experienced stronger trading, with front months closing 3 to 4 cents higher, and March up a dime this week [1] - The national average Cash Bean price increased by 3 3/4 cents to $9.98 ¾, while soymeal futures rose by $9.90 this week [1] - Soy Oil futures saw an increase of 5 to 21 points, with March up 138 points since last Friday [1] Group 2: Export Sales Data - Export Sales data indicated a marketing year high in soybean sales at 2.45 MMT for the week of 1/15, which is 18.6% higher than the previous week and 63.97% larger than the same week last year [2] - China was the largest buyer, purchasing 1.304 MMT, followed by unknown destinations at 338,300 MT and Egypt at 218,300 MT [2] Group 3: Soybean Meal and Oil Sales - Soybean meal sales reached 412,671 MT, exceeding estimates of 200,000 to 500,000 MT for that week [3] - Soybean oil sales were recorded at 10,499 MT, falling within the lower half of the 5,000-25,000 MT estimates [3] Group 4: Speculative Trading Activity - CFTC data showed that spec traders in soybean futures and options reduced their net long positions by 2,901 contracts, bringing the total to 10,060 contracts as of Tuesday [3]

Group 1 - Corn futures experienced gains of 5 to 6 ½ cents across most contracts, resulting in a weekly increase of 5 ¾ cents [1] - The CmdtyView national average Cash Corn price rose by 6 3/4 cents to $3.93 1/2 [1] - The USDA's Export Sales report indicated corn bookings reached 4.01 million metric tons (MMT) for the week of January 15, the highest since March 2021 [2] Group 2 - The week of sales was the largest since 1991, more than doubling the same week last year [2] - Major buyers included unknown destinations (1.242 MMT), Japan (836,700 MT), South Korea (751,500 MT), and Mexico (422,600 MT) [2] - Managed money reduced their net short position in corn futures and options by 450 contracts, with a total net short of 81,324 contracts as of January 20 [3]

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]

Market Overview - Wheat is trading lower across winter wheat contracts, while spring wheat remains steady, following a rally into the long weekend with gains across all three markets [1] - Chicago SRW futures increased by 7 to 8 cents on Friday, with March futures up just ¾ cent from the previous week [1] - KC HRW futures saw gains of 9 to 10 cents in the nearby contracts, but March futures were down 3 cents for the week [1] - MPLS spring wheat increased by 2 to 3 cents across front months, with March futures down 2 ½ cents last week [1] Commitment of Traders Data - Managed money reduced their net short position in CBT wheat futures and options by 936 contracts, bringing the total to 106,229 contracts as of Tuesday [2] - As of January 13, speculators were net short 12,781 contracts in KC wheat futures and options, a reduction of 2,874 contracts from the previous week [2] Export Sales and Purchases - Total wheat commitments reached 20.392 million metric tons (MMT), which is 15% higher than last year and 83% of the USDA's export projection, slightly behind the 85% average pace [3] - Export shipments totaled 15.465 MMT, accounting for 63% of the USDA estimate and ahead of the 59% average shipping pace [3] - Saudi Arabia purchased 907,000 metric tons of wheat in a tender on Monday, while Algeria purchased an estimated 600,000 metric tons [3] Price Movements - Mar 26 CBOT Wheat closed at $5.18, up 7 ½ cents, currently down 3 ¾ cents [4] - May 26 CBOT Wheat closed at $5.28 ¾, up 7 ¼ cents, currently down 3 ¼ cents [4] - Mar 26 KCBT Wheat closed at $5.27 ¼, up 10 cents, currently down 2 ¼ cents [4] - May 26 KCBT Wheat closed at $5.38 ¼, up 9 ½ cents, currently down 2 ¼ cents [4] - Mar 26 MIAX Wheat closed at $5.65, up 2 ½ cents, currently unchanged [4] - May 26 MIAX Wheat closed at $5.77 ½, up 2 ½ cents, currently up 1 ½ cents [4]

Market Performance - Soybeans experienced gains of 4 to 5 cents across most contracts, with March down 4 ¾ cents for the week. The national average Cash Bean price increased by 5 1/4 cents to $9.87 1/4 [1] - Soymeal futures rose by 80 cents to $2.40 higher, despite a decline of $13.70 in March this week. Soy Oil futures decreased by 18 to 36 points on Friday, but the weekly move was 292 points higher [1] Commitment of Traders Report - The weekly Commitment of Traders report indicated that spec traders in soybean futures and options reduced their net long positions by 44,756 contracts, bringing the total to 12,961 contracts as of January 13 [2] Export Sales and Crop Estimates - Total soybean commitments reached 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. Actual accumulated shipments were 17.984 MMT, or 42% of USDA's estimate, significantly trailing the 60% average pace [3] - Safras updated their Brazilian crop estimates, raising the projection by 0.52 MMT to 179.28 MMT [3]

Group 1 - Corn futures are holding steady with some contracts fractionally higher, and the national average cash corn price is at $4.09 [1] - Export sales data for the week ending January 1 showed only 377,598 MT of corn sold, which is below the estimated range of 0.7-1.5 MMT for 2025/26 and represents a 15.1% decrease compared to the same week last year [1] - For the 2026/27 marketing year, corn sales were recorded at 11,860 MT, falling within the expectations of 0-100,000 MT [1] Group 2 - Census data revealed a record export of 6.564 MMT of corn in October, which is a 5.93% decrease from September but a 63.38% increase from October 2024 [2] - Distillers exports in October were nearly at last year's record level, totaling 1.067 MMT, while ethanol shipments reached a record pace of 185 million gallons [2] Group 3 - The USDA is set to release data on Monday, with expectations for US corn production to be at 16.553 billion bushels and an estimated yield of 184 bushels per acre according to a Bloomberg survey [3] - Current corn prices include March 26 Corn at $4.46 3/4, Nearby Cash at $4.08, May 26 Corn at $4.54 1/2, and July 26 Corn at $4.60 1/2, with slight increases noted for May and July contracts [3]

Group 1 - Soybean prices showed slight recovery after earlier declines, with March contracts down 26 ¾ cents for the week, while the national average cash bean price increased by 6 ¼ cents to $9.70 [1] - Soymeal futures decreased by $2.30 to $4.10 per ton, with March down $11.40, whereas Soy Oil futures rose by 61 to 80 points, settling with an 8 point gain for the week [1] - Export sales data for the week ending December 25 is anticipated to show soybean bookings between 0.7-1.8 million metric tons (MMT) for 2025/26 and 0-150,000 MT for 2026/27, with meal sales projected between 150,000-500,000 MT [2] Group 2 - November crush data indicated a total of 220.48 million bushels (mbu) of soybeans crushed, which is a 6.7% decrease from the previous month but a 4.98% increase year-over-year [3] - The first quarter of 2025/26 saw soybean crush at 661.74 mbu, up 49.5 mbu compared to last year, with USDA projecting a full marketing year increase of 110 mbu year-over-year [3] - Soybean oil stocks as of November 30 were reported at 2.16 billion pounds, exceeding estimates and representing a 33.72% increase from the previous year [3] Group 3 - The USDA announced a payment of $30.88 per acre for the Farm Bridge Assistance program related to soybeans [4] - As of January 26, soybeans closed at $10.29 ½, down 1 cent, with nearby cash at $9.70, up 6 ¼ cents, and March 26 soybeans closing at $10.45 ¾, down 1 ¾ cents [4]