Report Industry Investment Rating - Not provided Core Viewpoints of the Report - The export sales of US soybeans and soybean meal in the week ending January 15 met expectations, with significant increases in current - market - year sales. The export shipments of soybeans decreased compared to the previous week, while those of soybean meal increased. The Brazilian soybean production forecast was slightly raised, and the soybean harvest rate in Mato Grosso, Brazil, is higher than in previous years [1] Summary by Relevant Catalogs Overnight Market Information - US Soybean Export Sales - In the week ending January 15, US current - market - year soybean export sales net increased by 244.6 million tons, a 19% increase from the previous week and a 92% increase from the four - week average, reaching the highest level of the year. The market expected a net increase of 150 - 300 million tons. Exports to the Chinese mainland net increased by 130.35 million tons. Next - year's soybean export sales net increased by 0.9 million tons, with the market expecting 0 - 20 million tons. Exports to the Chinese mainland net decreased by 6.6 million tons [1] - US soybean export shipments in the same week were 133.77 million tons, an 18% decrease from the previous week but an 11% increase from the four - week average. Shipments to the Chinese mainland were 59.35 million tons [1] - US current - market - year soybean new sales were 246.83 million tons, and next - market - year new sales were 7.5 million tons [1] Overnight Market Information - US Soybean Meal Export Sales - In the week ending January 15, US current - market - year soybean meal export sales net increased by 41.27 million tons, a 21% increase from the previous week and an 82% increase from the four - week average. The market expected a net increase of 20 - 50 million tons [1] - US soybean meal export shipments in the same week were 48.47 million tons, a 59% increase from the previous week and a 33% increase from the four - week average [1] - US current - market - year soybean meal new sales were 42.37 million tons, and next - market - year new sales were 0 tons [1] Brazilian Soybean Production Forecast - A commodity research institution estimated that the 2025/26 Brazilian soybean production would be 178.7 million tons, with a forecast range of 175.2 - 183.6 million tons, an increase of less than 1% from the previous forecast. Good soil moisture in the core regions supports record - high yield and production expectations [1] Brazilian Soybean Harvest Rate - Imea data showed that the 2025/26 soybean harvest rate in Mato Grosso, Brazil, reached 13.88% of the planted area, a 7.19% increase from the previous week. It is also higher than the 4.38% in the same period in 2025 and the five - year average of 5.61% [1] Spot Prices - Spot prices of various products such as soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from January 19 - 23, 2026, are provided [1]