Price Movements - Soybeans rallied between 16 ¾ to 21 ½ cents in old crop contracts, with May beans up 30 cents this week and November beans up 18 ½ cents [1] - The cmdtyView national average Cash Bean price increased by 21 1/4 cents to $11.27 3/4 [1] - Soymeal futures gained $2.20 to $7.90, while May soymeal was down $3.30 this week [1] - Soy Oil futures rose by 41 to 89 points, with May up 473 points (7.65%) on the week [1] Export Commitments - Weekly Export Sales report shows soybean export commitments at 36.034 MMT, which is 84% of the USDA export estimate, lagging behind the 92% average sales pace [2] - Shipments are at 26.154 MMT, representing 61% of USDA's number, also trailing the 78% average shipping pace [2] Managed Money Positions - CFTC data indicates managed money added 14,700 contracts to their net long position in soybean futures and options, bringing the total to 198,902 contracts [3] - Managed money was net long 62,087 contracts in soy meal, a 30,392 contract increase on the week [3] - Speculators added 12,197 contracts to their net long position in soy oil, totaling 75,509 contracts, the largest since November 2022 [3] Closing Prices - On March 26, soybeans closed at $11.85, up 21 1/4 cents, with nearby cash at $11.27 3/4, also up 21 1/4 cents [4] - May 26 soybeans closed at $12.00 3/4, up 21 1/2 cents, and July 26 soybeans closed at $12.13, up 20 1/2 cents [4]

Market Overview - Wheat prices showed slight increases in winter wheat front months while spring wheat experienced weakness, influenced by a stronger US dollar index which rose by $0.581 [1] - Chicago SRW futures closed down by 9 to 11 ¼ cents, with open interest indicating new selling, increasing by 5,993 contracts [1] - KC HRW futures also posted losses of 8 to 9 ½ cents, with open interest up by 1,821 contracts [1] - MPLS spring wheat prices decreased by 6 to 7 cents [1] Flour Milling Report - The NASS Flour Milling report indicated that 227.58 million bushels of wheat were ground for flour from October to December, a decrease of 3.2 million bushels compared to the same period in 2024 [2] Export Data - Export Inspections data revealed that wheat shipments totaled 326,828 MT (12 million bushels) for the week ending January 29, marking a decrease of 13.76% from the previous week but an increase of 29.11% compared to the same week last year [3] - Mexico was the leading destination for wheat shipments at 60,886 MT, followed by Taiwan with 55,702 MT and Malaysia with 55,630 MT [3] - Cumulative marketing year shipments reached 16.69 MMT (613.1 million bushels), reflecting an 18.61% year-over-year increase [3] Commitment of Traders Data - Managed money reduced their net short position in Chicago wheat futures and options by covering 15,957 contracts, bringing the total net short to 94,743 contracts as of January 27 [4] - In KC wheat, speculators trimmed their net short position by 2,689 contracts, resulting in a total of 10,329 contracts [4] Recent Purchases - Taiwan made a significant purchase of 106,350 MT of wheat from the US in a recent tender [4]

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 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]