Group 1 - Soybean contracts experienced a decline of 5 to 11 ¼ cents, with May down 64 cents for the week, and the national average Cash Bean price decreased by 7 cents to $10.87 1/2 [1] - Soymeal futures fell between $2.80 to $4.50, although May was still up $5.30 for the week, while Soy Oil futures showed mixed results with front months steady to 10 points higher and deferreds weaker, as May dropped 193 points for the week [1] Group 2 - Commitment of Traders data indicated that spec funds reduced their soybean net long position by 20,110 contracts, bringing the total net long to 201,997 contracts, as some positions were liquidated [2] - In bean oil futures and options, managed money approached their previous record net long position, adding 13,518 contracts to reach a net long of 122,356 contracts [2] Group 3 - USDA Export Sales data reported soybean export commitments at 36.79 million metric tons (MMT) by March 12, marking a 19% decrease from the same period last year, which is 86% of USDA's estimate for 2025/26 and below the 94% average sales pace [3] - Soybean shipments totaled 28.055 MMT, representing 65% of the USDA number and trailing behind the 81% average pace [3] - Closing prices for May 26 Soybeans were $11.61 1/4 (down 7 1/4 cents), Nearby Cash at $10.87 1/2 (down 7 cents), July 26 Soybeans at $11.76 1/2 (down 6 3/4 cents), and November 26 Soybeans at $11.41 (down 5 1/4 cents) [3]

Group 1 - Corn futures increased by 1 to 4 cents, with March down 4 ¼ cents for the week, supported by gains in wheat [1] - The national average Cash Corn price rose by 1 3/4 cents to $3.94 1/4, while the average December corn close was $4.60, down 10 cents from the previous year [1] Group 2 - Export sales data indicated strong performance, with old crop corn sales at 1.47 million metric tons (MMT) for the week of February 12, which is 1.1% higher than the same week last year [2] - New crop sales were recorded at 65,700 metric tons, with Japan being the top buyer at 381,500 metric tons, followed by Mexico at 270,100 metric tons and Taiwan at 127,300 metric tons [2] Group 3 - Commitment of Traders data showed a reduction of 20,795 contracts from the spec fund net long position, resulting in a net short position of 27,415 contracts [3] - A South Korean importer purchased 132,000 metric tons in a recent tender [3] - Closing prices for corn futures included Mar 26 at $4.27 1/2 (up 1 3/4 cents), Nearby Cash at $3.94 1/4 (up 1 3/4 cents), May 26 at $4.39 3/4 (up 3 1/2 cents), and Jul 26 at $4.48 1/4 (up 3 3/4 cents) [3]

Group 1 - Soybean futures experienced a slight decline of 1 to 3 cents on Monday, with contracts closing 2 to 3 cents higher compared to the previous week, while March futures were still up 51 cents last week [1] - The USDA's Export Sales data reported soybean export commitments at 34.29 million metric tons (MMT), reflecting a 20% decrease from the same period last year, which accounts for 80% of USDA's export projection [2] - AgRural estimates that 16% of the Brazil soybean crop has been harvested, which is ahead of the 15% pace from the previous year [4] Group 2 - The upcoming monthly WASDE data release is expected to show no major changes to the US soybean stocks number, estimated at 348 million bushels (mbu), compared to the 380 mbu estimate in January [3] - Commitment of Traders data indicated an increase of 11,511 contracts in the managed money soybean futures and options net long position, bringing the total to 28,832 contracts [3]

Market Overview - Cotton futures are experiencing a decline, falling between 93 to 117 points across the front months on Monday [1] - Crude oil futures have decreased by 145 cents per barrel, now priced at $60.93 [1] - The US dollar index has dropped by $0.584, reaching 96.820 [1] Cotton Export Commitments - USDA Export Sales data indicates that cotton commitments as of January 15 are at 7.35 million RB, which is 13% lower than the previous year [1] - This figure represents 64% of the USDA projection and is significantly behind the average pace of 81% [1] Commitment of Traders - Managed money in cotton futures and options has increased their net short position by 1,580 contracts, bringing the total to 51,952 contracts as of Tuesday [2] Auction and Price Updates - The online auction from The Seam reported sales at 57.99 cents per pound for 5,645 bales [3] - The Cotlook A Index decreased by 50 points to 74.05 cents on January 23 [3] - ICE certified cotton stocks fell by 510 bales, with the current level at 9,912 bales [3] - The Adjusted World Price was updated to 50.99 cents per pound, down 18 points from the previous week [3] Cotton Futures Prices - As of the publication date, March 26 Cotton is priced at 62.64 cents, down 117 points [3] - May 26 Cotton is at 64.4 cents, down 108 points [3] - July 26 Cotton is at 66.04 cents, down 93 points [3]

Market Overview - Cotton futures experienced a slight decline, with March futures down 85 points this week, while crude oil futures increased by $1.95 per barrel to $61.31 [1] - The US dollar index decreased by $0.871 to 97.305 [1] Export Sales Data - USDA Export Sales reported a marketing year high of 412,457 RB of cotton sold for the week ending January 15, with Vietnam being the largest buyer at 220,700 RB [2] - Bangladesh purchased 38,600 RB, and export shipments totaled 187,776 RB, also a marketing year high, with Vietnam receiving 62,300 RB and Pakistan 45,900 RB [2] Commitment of Traders Data - Managed money in cotton futures and options increased their net short position by 1,580 contracts, bringing the total to 51,952 contracts as of Tuesday [3] Ginning Data - NASS Cotton Ginnings reported 732,950 RB of cotton ginned from January 1 to January 15, contributing to a marketing year total of 12.695 million RB [3] Auction and Price Data - The Thursday online auction from The Seam recorded sales at 62.43 cents/lb for 16,726 bales, while the Cotlook A Index remained unchanged at 74.55 cents on January 22 [4] - ICE certified cotton stocks were stable at 10,422 bales, and the Adjusted World Price was updated to 50.99 cents/lb, down 18 points from the previous week [4] - March 26 Cotton closed at 63.81 cents, down 7 points; May 26 Cotton closed at 65.48 cents, down 1 point; July 26 Cotton closed at 66.97 cents, unchanged [4]

Market Overview - Wheat is experiencing gains of 4 to 9 cents as of Monday morning, with Chicago SRW futures showing a slight decrease while KC HRW futures closed higher [1] - Open interest in Chicago SRW futures increased by 3,792 contracts on Friday, while KC HRW futures saw a decrease of 463 contracts [1] USDA Reports - The USDA is set to release the Winter Wheat Seedings report, with analysts predicting a total winter wheat acreage of 32.4 million acres, including 23 million acres for HRW, 5.9 million acres for SRW, and 3.5 million acres for white wheat [2] - US wheat ending stocks are expected to decrease by 5 million bushels to 896 million bushels according to the WASDE report [2] Grain Stocks Report - The upcoming quarterly Grain Stocks report is anticipated to show an average estimate of 1.636 billion bushels of wheat on hand as of December 1, with estimates ranging from 1.59 to 1.696 billion bushels [3] Commitment of Traders Data - Recent Commitment of Traders data indicates that managed money has increased their net short position in CBT wheat futures and options to 107,165 contracts as of January 6 [4] - In contrast, spec traders in KC wheat have reduced their net short position by 2,664 contracts to 15,655 contracts, marking the smallest net short since November 2024 [4] Price Movements - As of the latest data, various wheat futures prices are as follows: - March 26 CBOT Wheat closed at $5.17 1/4, currently up 7 3/4 cents - May 26 CBOT Wheat closed at $5.28 3/4, currently up 7 1/4 cents - March 26 KCBT Wheat closed at $5.30 1/4, currently up 9 cents - May 26 KCBT Wheat closed at $5.43, currently up 7 cents - March 26 MIAX Wheat closed at $5.68 1/2, currently up 4 1/4 cents - May 26 MIAX Wheat closed at $5.78, currently up 4 1/4 cents [4]

Core Insights - Corn futures are experiencing gains, with prices increasing by 1 to 2 cents, and the national average cash corn price rising to $4.08 ½ [1] - Total export sales commitments for corn have reached 50.538 million metric tons (MMT), which is 30% larger than the same period last year and represents 62% of the USDA's estimate for the full marketing year, exceeding the average pace of 60% [1] Market Position - Managed money has shifted to a net short position of 23,584 contracts in corn futures and options as of December 30, indicating a move to the short side of 26,343 contracts [2] - Current corn prices for various futures contracts are as follows: Mar 26 at $4.46 1/4, May 26 at $4.54, and Jul 26 at $4.60, all showing slight increases [2]

Group 1 - Corn futures are experiencing losses of 2 to 4 cents as trading begins in 2026, indicating some market weakness [1] - The national average Cash Corn price has increased by 2 ¼ cents to $3.98 1/4 [1] - A private export sale of 132,000 MT of corn to South Korea was reported by USDA, with expectations for corn bookings between 0.7-1.5 MMT for the week of 12/25 [1] Group 2 - USDA announced payment details for the Farm Bridge Assistance program, with corn payments set at $44.36 per acre [2] - Managed money has shifted back to a net long position by 55,431 contracts, resulting in a net long of 2,759 contracts, primarily due to short covering [2] - Current prices for various corn futures are as follows: Mar 26 Corn at $4.37 1/2 (down 2 3/4 cents), Nearby Cash at $3.98 1/4 (up 2 1/4 cents), May 26 Corn at $4.45 (down 3 1/4 cents), and Jul 26 Corn at $4.51 1/4 (down 3 1/4 cents) [2]

Market Overview - Soybean prices increased by 5 to 7 cents on Christmas Eve, while futures contracts decreased by 1 to 2 cents at the Tuesday close [1] - Open interest fell by 9,511 contracts on Tuesday, primarily due to a reduction of 20,552 contracts in January futures, although other front months saw an increase [1] - The national average cash price for soybeans was reported at $9.80 3/4, down 3 cents from the previous day [1] Futures Performance - Soymeal futures experienced gains ranging from $1.10 to $2.50, while Soy Oil futures declined by 25 to 39 points [1] - Specific closing prices for January, March, and May 2026 soybeans were $10.51 1/2, $10.63 3/4, and $10.74 1/4 respectively, with slight decreases noted [4] Export Sales Data - The USDA reported soybean export sales for the week ending December 11 at 2.396 million metric tons (MMT), marking a marketing year high and a 68.3% increase compared to the same week last year [3] - China was a significant buyer, purchasing 1.38 MMT, contributing to total known sales to China of 6.2 MMT [3] - Soymeal sales surpassed trade estimates at 616,453 metric tons, while bean oil sales were recorded at 8,660 metric tons [3] Commitment of Traders - Managed money reduced their net long position by 32,560 contracts, bringing the total to 147,778 contracts for the week ending December 16 [2]

Group 1 - Soybean futures experienced a decline, with contracts falling 15 to 17 cents lower on Friday, resulting in a weekly loss of 28 cents for the January contract [1] - The national average cash bean price decreased by 17 cents, settling at $10.06 1/2 [1] - Soymeal futures showed mixed results, with front months increasing by 40 cents to $1.80, while January closed down $4.90 [1] Group 2 - The upcoming Export Sales report is expected to show soybean sales between 0.8-3 million metric tons (MMT) for the week of November 20, with meal sales estimated at 100,000-450,000 metric tons and bean oil sales at 5,000-25,000 metric tons [2] - Commitment of Traders data indicated that spec funds added 35,182 contracts to their net long position, reaching a total of 229,625 contracts net long, the highest since October 2020 [3] - AgRural reported that the Brazilian soybean crop is 97% planted as of Thursday [3]