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Soybeans Rallying Early on Monday
Yahoo Finance· 2026-01-05 13:26
Market Overview - Soybeans are currently trading with gains of 5 to 10 cents, recovering from earlier losses on Friday, where futures closed down by 1 to 3 cents [1] - The national average cash bean price increased by 6.25 cents to $9.70 [1] Futures and Deliveries - March soybeans closed down 26.75 cents for the week, with 401 deliveries against January soybeans issued on Friday evening [1] - Soymeal futures decreased by $2.30 to $4.10 per ton, with March down $11.40 [1] - Soy Oil futures saw an increase of 61 to 80 points, with March settling up 8 points for the week [1] Export Sales Expectations - Analysts anticipate export sales data for the week ending December 25, expecting soybean bookings between 0.7 to 1.8 million metric tons (MMT) for 2025/26 and 0 to 150,000 MT for 2026/27 [2] - Meal sales are projected between 150,000 to 500,000 MT, while bean oil sales are expected to be between 0 to 20,000 MT [2] Crush Data and Stocks - November crush data indicates a total of 220.48 million bushels (mbu) of soybeans crushed, down 6.7% from the previous month but up 4.98% year-over-year [3] - The first quarter of 2025/26 saw soybean crush at 661.74 mbu, an increase of 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 recorded at 2.16 billion pounds, exceeding estimates and representing a 33.72% increase from last year [3]