Market Performance - Soybeans experienced gains of 6 to 8 cents across most contracts at Thursday's close, with new crop contracts up 2 to 3 cents. The national average Cash Bean price increased by 7.5 cents to $10.76 1/2 [1] - Soymeal futures rose by 30 to 80 cents in the front months, while Soy Oil futures increased by 112 to 121 points [1] Export Sales Expectations - Analysts anticipate the USDA to report soybean sales between 375,000 MT and 1.2 MMT for the week ending February 12 in the upcoming Export Sales report. Soymeal sales are expected to be between 220,000 MT and 450,000 MT, with bean oil showing net reductions of 10,000 to sales of 16,000 MT [2] Planting and Production Estimates - The USDA Ag Outlook Forum projected 85 million acres of soybeans to be planted this spring, matching trade estimates and representing an increase of 3.8 million acres from the previous year if realized. Soybean production is estimated at 4.45 billion bushels, with a yield of 53 bushels per acre [3] - The International Grains Council reported that world soybean stocks increased by 2 MMT to 79 MMT, while consumption decreased by 1 MMT and production rose by 1 MMT [4]

Group 1 - Soybean prices are experiencing a slight decline, with the national average cash bean price down 4 cents to $10.64 1/2 [1] - Soymeal futures are showing mixed results, with prices fluctuating between 40 to 20 cents lower, while Soy Oil futures are up by 85 to 90 points [1] - Analysts anticipate USDA will report soybean sales between 375,000 MT and 1.2 MMT for the week ending February 12, with meal sales projected at 220,000-450,000 MT [2] Group 2 - The USDA Ag Outlook Forum indicates an expected increase in soybean planting to 85 million acres this spring, which would be an increase of 3.8 million acres from last year [3] - Soybean production is estimated at 4.45 billion bushels, with a yield forecast of 53 bushels per acre [3] - International Grains Council data reveals a rise in world soybean stocks by 2 MMT to 79 MMT, while consumption has decreased by 1 MMT and production has increased by 1 MMT [4]

Group 1 - Soybean prices showed slight increases, with the national average cash bean price rising by 1.25 cents to $10.68. [1] - Soymeal futures experienced a decline of $0.10 to $3.40 in the front months, while Soy Oil futures increased by 21 to 44 points. [1] Group 2 - NOPA reported that 221.56 million bushels of soybeans were crushed in January, which is 10.57% higher than last year but down 1.52% from the previous month. [2] - Soybean oil stocks increased by 15.6% from last month and are 49.07% higher compared to the same time last year. [2] Group 3 - Export inspections data indicated that soybean shipments reached 1.203 million metric tons (44.2 million bushels) for the week ending February 12, marking a 5.01% increase from the prior week and a 65.3% increase year-over-year. [3] - China was the leading destination for soybean exports, receiving 684,069 metric tons, followed by Egypt with 223,890 metric tons and Colombia with 81,455 metric tons. [3] - Cumulative marketing year shipments have reached 24.35 million metric tons (894.7 million bushels), reflecting a year-over-year increase of 32.4%. [3] Group 4 - AgRural estimates that 21% of the Brazilian soybean crop has been harvested as of last Thursday, a decrease from the 24% harvest pace in 2025. [4] - As of March 26, soybean prices closed at $11.34, with nearby cash at $10.68 1/2, and May and July 2026 soybean futures closing at $11.48 3/4 and $11.61 3/4 respectively. [4]

Market Overview - Soybean contracts closed down 2 to 4 ½ cents, with March contracts up 17 ¾ cents for the week [1] - The national average Cash Bean price decreased by 4 ¼ cents to $10.67 ¼ [1] - Soymeal futures increased by 70 cents to $1.30, with March up $5.60 for the week [1] - Soy Oil futures fell by 40 to 47 points, while March was up 175 points for the week [1] - The markets will be closed on Monday for President's Day [1] CFTC Data - Managed money added 94,316 contracts to their net long position, bringing the total to 123,148 contracts as of February 10 [2] USDA Export Sales - Soybean commitments are at 34.572 million metric tons, down 20% from a year ago, representing 81% of USDA's export projection [3] - This figure lags behind the 89% pace of the 5-year average [3] - NOPA data is expected to show January crush at 218.5 million bushels, with soybean oil stocks projected at 1.71 billion pounds [3] Soybean Prices - March 26 Soybeans closed at $11.33, down 4 ¼ cents [3] - Nearby Cash was $10.67 ¼, down 4 ¼ cents [3] - May 26 Soybeans closed at $11.48 ½, down 3 ¾ cents [3] - July 26 Soybeans closed at $11.60 ½, down 3 ¼ cents [3]

Core Insights - Soybean contracts closed higher, with prices increasing by 11 to 13 cents in the front months, and the national average cash bean price rose to $10.56 1/4 [1] - Soymeal futures increased by $2.10 to $3.20, while soy oil futures were up by 50 to 58 points [1] - The average close for November futures in February was $10.91, which serves as the base spring price for crop insurance [1] Supply and Demand Data - The WASDE report indicated no changes to the US ending stocks projection, maintaining it at 350 million bushels [2] - Brazil's soybean production was raised by 2 million metric tons (MMT) to 180 MMT, while Argentina's estimate remained at 48.5 MMT [3] - The world ending stocks number was increased by 1.10 MMT to 125.51 MMT [3] Export Estimates - ANEC estimates Brazilian soybean exports for February at 11.71 MMT, an increase of 0.29 MMT from the previous day [3]

Market Overview - Soybean contracts fell by 13 to 16 cents at the close on New Year's Eve, with a national average cash bean price down by 15 ¼ cents to $9.64 3/4 [1] - Soymeal futures decreased by $1.50 to $2.90 per ton, while soy oil futures dropped by 77 to 88 points [1] Deliveries and Sales - There were 1,062 deliveries issued against January soybeans, with no deliveries for January soy meal and 7 issued for January bean oil [1] - Weekly soybean sales were reported at 1.056 million metric tons (MMT), which was 55.94% lower than the previous week and below trade expectations of 1.4 to 2.4 MMT, but up 7.9% from the same week last year [4] - Known sales to China through December 18 reached 6.5 MMT, compared to 3.5 MMT during the same period in the 2018/19 marketing year [4] Meal and Oil Sales - Meal sales were recorded at 299,131 metric tons, on the lower end of estimates between 200,000 and 500,000 metric tons [5] - Soy oil sales for 2025/26 totaled 49,197 metric tons, exceeding estimates of 0 to 24,000 metric tons, with net reductions of 23,500 metric tons for 2026/27 [5] Market Positioning - Managed money was reported at a net long of 110,403 contracts, a decrease of 37,375 contracts from the previous week [3]

Market Overview - Soybean prices are experiencing a decline of 11 to 12 cents in the nearby contracts during the New Year's Eve session, with January beans seeing 1,062 deliveries issued on First Notice Day (FND) [1] - The national average cash bean price has decreased by 12 cents to $9.67, while soymeal futures remained steady to $2.10 per ton lower, and soy oil futures increased by 7 to 15 points [1] USDA Weekly Update - The USDA reported a weekly update for the week ending December 18, indicating that 1.056 million metric tons (MMT) of soybeans were sold, which fell short of trade expectations of 1.4 to 2.4 MMT [2] - This figure represents a decrease of 55.94% from the previous week but an increase of 7.9% compared to the same week last year [2] Sales Data - Meal sales were recorded at 299,131 metric tons, which is on the lower end of estimates ranging from 200,000 to 500,000 metric tons [3] - Soy oil sales reached 49,197 metric tons for the 2025/26 period, exceeding estimates of 0 to 24,000 metric tons, with net reductions of 23,500 metric tons for the 2026/27 period [3] Price Information - January 26 soybeans are priced at $10.34 1/2, down 11 3/4 cents, while nearby cash is at $9.67, down 12 cents [3] - March 26 soybeans are at $10.50 1/2, down 11 3/4 cents, and May 26 soybeans are at $10.63 1/2, down 11 cents [3]

Group 1 - Soybeans experienced late session buying, with contracts closing 10 to 12 cents higher, and the national average Cash Bean price increased by 10 cents to $9.35 [1] - Soymeal futures decreased by $1 in the nearby October contracts, while other contracts remained steady to 80 cents higher; Soy Oil futures rose by 73 to 93 points [1] - The monthly Fats and Oils report was not released due to a government shutdown, but analysts estimated August soybean crush at 196.4 million bushels [3] Group 2 - Futures prices rebounded after early session pressure, driven by President Trump's announcement that soybeans will be a key topic in an upcoming meeting with President Xi of China [2] - Export Sales data release will be delayed, with analysts expecting 0.3 and 1.6 million metric tons of soybeans sold for the week ending on September 25 [4] - StoneX estimates the US soybean crop at 53.9 bushels per acre, a 0.7 bushel per acre increase from the previous month, with total production estimated at 4.326 billion bushels [4]