Price Movement - Cotton prices increased by 10 to 15 points on Wednesday, following a stronger trade on Tuesday where futures closed 40 to 45 points higher [1] - Crude oil futures rose by 46 cents per barrel, reaching $58.47 [1] - The US dollar index decreased by $0.364 to $97.590 [1] Export Sales - The Tuesday Export Sales report indicated that 304,689 RB of cotton were sold in the week of December 11, marking a marketing year high and the largest sales since February [2] - Shipments improved to 134,371 RB, which is a 5-week high [2] Market Positioning - The CFTC's updated commitment of Traders report revealed an addition of 180 contracts to the managed money net short position in cotton futures and options, bringing the total net short to 54,833 contracts for the week of December 16 [3] Auction and Pricing - The online auction from The Seam on December 22 recorded sales of 12,794 bales at an average price of 59.15 cents per pound [4] - The Cotlook A Index increased by 40 points on December 22, reaching 73.70 cents [4] - ICE certified cotton stocks decreased by 796 bales due to decertification, with the current certified stocks level at 11,600 bales [4] - The Adjusted World Price was updated to 49.99 cents per pound, reflecting a 40-point drop from the previous week [4] Futures Closing Prices - March 26 Cotton closed at 64.01, up 40 points, currently up 15 points [4] - May 26 Cotton closed at 65.2, up 42 points, currently up 12 points [4] - July 26 Cotton closed at 66.27, up 42 points, currently up 14 points [4]

Group 1 - Soybeans are experiencing gains of 2 to 4 cents across most contracts, with the national average cash bean price at $9.81 1/2, up 2 3/4 cents [1] - Soymeal futures are showing slight gains, while soy oil futures are up 50 to 58 points, supported by a rebound in the crude oil market [1] - The USDA reported a private export sale of 396,000 MT of soybeans to China, with 330,000 MT for the 2025/26 marketing year and 66,000 MT for 2026/27 [1] Group 2 - USDA reported soybean export shipments of 870,199 MT during the week ending December 18, which is 7.4% higher than the previous week but 51% lower than the same week in 2024 [2] - China was the top destination for soybean exports, receiving 386,010 MT, followed by Mexico with 177,758 MT and Germany with 68,599 MT [2] - Marketing year exports for 2025/26 are at 14.584 MMT since September 1, which is 46% lower compared to the same period last year [2] Group 3 - Export sales data indicated 1.55 MMT of soybeans sold in the week of December 4, which is 32.2% above the same week last year [3] - Meal sales were recorded at 275,487 MT, on the lower end of the estimated range, while bean oil bookings were at 1,213 MT, below the expected range [3] Group 4 - Managed money reduced their net long positions in soybean futures and options by 35,088 contracts as of the week ending December 9, resulting in a net long position of 180,338 contracts [4] - AgRural estimates the Brazilian soybean crop at 180.4 MMT, an increase of 1.9 MMT from the previous estimate [4] - China's soybean imports in November totaled 5.85 MMT from Brazil and 1.78 MMT from Argentina, accounting for 93.9% of total imports for the month [4]

During the government shutdown, the commodity markets are deprived of two pivotal reports that serve as crucial tools for traders to assess market movement and direction. The first report, the weekly export sales released on Thursday and the second, the CFTC report released on Friday are both instrumental in understanding market dynamics. Now that the government has reopened, the agencies responsible for collecting and releasing this data have begun to address the significant backlog resulting from the shut ...

Core Insights - Soybean prices have increased by 6 to 9 cents across most contracts, with the national average cash bean price at $10.54 3/4, which is 7 1/2 cents lower [1] - China has suspended some retaliatory tariffs on US goods, maintaining a 10% tariff from the Liberation Day response, resulting in a total tariff of 13% on US soybeans [2] - Export sales data is not available, but analysts estimate soybean sales for the week of 10/30 to be between 0.4-2 million metric tons, with meal sales expected to be between 50,000-450,000 metric tons [3] Price Movements - November 25 soybeans are priced at $11.15, up 6 3/4 cents, while January 26 soybeans are at $11.28 1/2, up 7 cents, and March 26 soybeans are at $11.36 1/4, up 8 1/2 cents [3] - Soymeal futures have increased by $5.70, while soy oil futures remain steady [1] Market Activity - There have been 1,093 deliveries of soybeans for the month, with 5 additional deliveries issued overnight [1] - Basis movement in the North and Pacific Northwest (PNW) indicates that buyers have been somewhat active despite the uncertainty in export sales data [2]

Corn and soybeans fell while wheat erased earlier gains in Chicago as the US government shutdown kept traders in the dark about any export sales to China or other countries. https://t.co/GsPGIMGoGm ...

Market Overview - Soybeans experienced a slight gain of 1 to 2 cents at the close on Friday, but November futures fell by 11 ¾ cents since last Friday. The national average cash bean price increased by 1 ½ cents to $9.38 ¾ [1] - Soymeal futures rose by 20 cents to $3.60, while October futures dropped by $14.10 per ton this week. Soy oil futures decreased by 5 to 14 points at the close, with October down 43 points for the week [1] Speculative Positions - Weekly CFTC data indicated that speculative funds in soybean futures and options shifted to a net short position of 29,302 contracts, reflecting a move of 31,589 contracts to the short side during the week. Commercials reduced their net short position by 27,234 contracts to 92,440 contracts, with an increase in commercial longs [2] - Managed money held a net short position of 898 contracts in soybean oil futures and options, while the net short in soybean meal increased to 103,269 contracts, marking the first time all three segments in the soy complex have been net short since March [2] Export Commitments - The USDA's weekly Export Sales report indicated total export commitments at 11.002 million metric tons (MMT) as of September 18, which is 37% lower than the same week last year. This figure represents 24% of the USDA's export projection, compared to an average sales pace of 45% [3] - Sales outside of China reached a three-year high, with commitments excluding China and unknown destinations totaling 7.2 MMT, the largest since the 2018/19 season [3] Stock Estimates - Analysts anticipate that the NASS will report September 1 soybean stocks at 325 million bushels (mbu) in the upcoming Grain Stocks report, with estimates ranging from 295 to 366 mbu according to a Bloomberg survey [4]

Core Viewpoint - HomesToLife Ltd reported a significant financial performance improvement in the first half of 2025, with a net income increase of 87% to $10.0 million, driven by strong export sales and favorable foreign exchange gains [2][11]. Financial Performance - The company achieved net revenue of $180.8 million in 1H 2025, a 16% increase from $156.3 million in 1H 2024, primarily due to export sales across Asia-Pacific, Europe, and North America [4][11]. - Gross profit rose 19% to $49.8 million, with a stable gross margin of 27.6% compared to 26.8% in the previous year [7][11]. - Operating expenses increased by 18% year-over-year to $40.8 million, influenced by a 19% rise in selling expenses [8][11]. Revenue Breakdown - Export sales accounted for 93% of total revenue in 1H 2025, with notable growth in Europe and North America, both up by 16% [4][6]. - Newly acquired retail operations in Korea contributed $1.5 million in revenue during the period [5]. Cash Flow and Financial Position - The company maintained a healthy financial position with $20.0 million in cash and bank balances as of June 30, 2025, and borrowings of $23.3 million [11]. - Net cash used in operating activities was $11.2 million, largely due to working capital movements [12]. Future Outlook - HomesToLife anticipates total revenue for FY2025 to range between $340 million and $375 million, reflecting expectations of a stronger second half compared to the first half [14][15]. - The company plans to maintain a robust liquidity position to support strategic growth initiatives while meeting operational and financing obligations [15].

Group 1 - Soybeans closed with gains of 7 to 10 cents across most contracts, with September soybeans closing at $10.15 1/4 [1][3] - The national average Cash Bean price increased by 9 1/2 cents to $9.57 1/4, while soymeal futures rose by $1 to $2.60 [1] - The CME reported 10 deliveries against September soybeans and 96 deliveries for soybean meal, with no deliveries reported for bean oil [1] Group 2 - The USDA's weekly Export Sales report indicated 541,055 MT of 2025/26 sales, with unknown destinations being the largest buyer at 431,700 MT [2] - Total commitments for the 2025/26 marketing year started at 9.35 MMT, the lowest since the 2009/10 marketing year [2] - Soybean meal sales were reported at 357,463 MT, within the analysts' estimates, while bean oil saw net reductions of 6,421 MT [2] Group 3 - NOPA data is expected to show August crush among members at 182.857 million bushels [3] - CONAB raised their 2024/25 soybean crop estimates by 1.92 MMT to 171.47 MMT [3] - Nearby Cash soybeans closed at $9.57 1/4, with November and January soybeans also showing gains [3]