Soybean crop estimates
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Soybeans Extending Higher on Thursday Morning
Yahoo Finance· 2026-02-12 13:31
Market Overview - Soybeans are trading with gains of 10 to 11 cents in nearby contracts, with futures closing up 1 to 4 3/4 cents on Wednesday [1] - The average Cash Bean price increased by 2 cents to $10.58 1/4 [1] - Soymeal futures rose by $1.00 to $2.20, while Soy Oil futures decreased by 15 to 36 points [1] Crop Estimates - The Rosario Grains Exchange estimates Argentina's soybean crop at 48 million metric tons (MMT), an increase of 1 MMT from previous estimates [3] - Brazil's soybean crop is estimated at 177.98 MMT, reflecting a 1.86 MMT increase according to CONAB data [3] Export Sales Expectations - The USDA is expected to release Export Sales data, with traders anticipating old crop soybean sales between 0.3 to 1.1 MMT for the week of February 5 [2] - Soybean meal sales are estimated to be between 200,000 to 450,000 MT, while bean oil sales are projected to range from net reductions of 10,000 MT to sales of 16,000 MT [2]