Core Insights - Soybean prices are experiencing a slight increase, with contracts up 2 to 3 ¼ cents at midday, and the national average cash bean price rising to $10.71 3/4 [1] - NOPA data indicates that soybean crushing in January reached 221.56 million bushels, which is 10.57% higher than last year but down 1.52% from the previous month [1] - Soybean oil stocks have increased significantly, rising 15.6% from last month and 49.07% compared to last year [1] Export Data - Export inspections reported soybean shipments of 1.203 million metric tons (44.2 million bushels) for the week ending February 12, marking a 5.01% increase from the previous week and a 65.3% rise year-over-year [2] - China remains the largest destination for soybean exports, receiving 684,069 metric tons, followed by Egypt with 223,890 metric tons and Colombia with 81,455 metric tons [2] - Cumulative marketing year shipments have reached 24.35 million metric tons (894.7 million bushels), reflecting a year-over-year increase of 32.4% [2] Market Positioning - CFTC data shows that managed money has increased its net long position by 94,316 contracts, bringing the total to 123,148 contracts as of February 10 [3] - The Brazilian soybean crop is currently estimated to be 21% harvested, a decrease from the 24% harvest pace recorded in 2025 [3] - Current soybean prices for various contracts are as follows: March 26 at $11.36 1/4, Nearby Cash at $10.71 3/4, May 26 at $11.50 3/4, and July 26 at $11.63 [3]

Group 1 - Soybeans are experiencing gains of 3 to 5 ½ cents in morning trading, following Monday's gains of 3 to 5 cents, with open interest increasing by 5,376 contracts [1] - A private export sale of 264,000 MT of soybeans to China was reported by USDA on Tuesday morning [1] - The cmdtyView national average Cash Bean price decreased by 4 ¼ cents to $10.45 1/2 [1] Group 2 - The Export Inspections report indicated that 1.136 MMT (41.74 million bushels) of soybeans were shipped in the week of February 5, which is 13.8% lower than the previous week and 3.5% lower than the same week last year [2] - China was the largest destination for soybean shipments, receiving 747,198 MT, followed by Mexico with 92,655 MT and Germany with 57,087 MT [2] - The total marketing year shipments of soybeans since September stand at 23.136 MMT (850 million bushels), which is 34.4% below the same period last year [2] Group 3 - Monthly WASDE data is expected to show no major changes to the US soybean stocks number, estimated at 348 million bushels, compared to 380 million bushels in January [3] - Brazil's soybean production is projected to increase by 1.2 MMT to 179.2 MMT, while Argentina's production is estimated to decrease by 0.4 MMT to 48.1 MMT [3] - As of the publication date, March 26 Soybeans closed at $11.10 3/4, down 4 1/2 cents, while May 26 and July 26 Soybeans also showed slight declines [3]

Core Insights - Soybean prices are experiencing a decline from intraday highs, with the national average cash bean price slightly increasing to $10.47 1/2 [1] - USDA's export sales data indicates soybean export commitments at 34.29 million metric tons (MMT), reflecting a 20% decrease compared to the same period last year [2] - Monthly WASDE data is expected to show no significant changes in US soybean stocks, estimated at 348 million bushels (mbu), down from 380 mbu in January [3] Price Movements - Soybean futures for March 26 are priced at $11.13 1/2, showing a slight increase of 1 1/4 cents, while nearby cash is at $10.47 1/2, up by 1/2 cent [3] - May 26 soybean futures are at $11.26 3/4, up by 3/4 cent, and July 26 futures remain unchanged at $11.37 1/4 [3] Stock Data - Actual soybean stocks are reported at 3.24 MMT, which is a decrease of 26.6% from the previous year [3] - Canadian canola stocks are projected at 15.62 MMT by December 31, marking an 18.1% increase from the same period last year [3]

Soybeans are down 9 to 13 cents so far as trader sift through the USDA report at midday. The cmdtyView national average Cash Bean price is 9 1/4 cents lower at $9.80 1/4. Soymeal futures are down $4.20-4.60, as Soy Oil futures are up 80 to 85 points. There were 33 deliveries issued against soybeans on Friday night, with 2 for January bean meal. USDA’s FGIS tallied soybean export shipments at 1.529 MMT (56.21 mbu) during the week ending on January 8. That was the second largest total this MY, 55.4% larger ...