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Soybeans Falling on Friday
Yahoo Finance· 2026-01-30 18:22
Group 1 - Soybeans are experiencing losses of 10 to 11 points in the front months, with the national average cash bean price at $10.05, down by 2.75 cents [1] - Soymeal futures have decreased by $3 to $3.30, while Soy Oil futures are down by 60 points [1] - USDA Export Sales data indicates soybean export commitments at 33.85 million metric tons (MMT) as of January 22, which is 20% lower than last year and represents 79% of USDA's export estimate, falling behind the 87% average sales pace [1] Group 2 - The USDA is set to release crush data on Monday, with expectations of 230.4 million bushels (mbu) of soybeans crushed during December [2] - Current soybean prices for March 26 are at $10.62, down 10.25 cents, while nearby cash prices are at $9.95, also down 10.25 cents [2] - May 26 soybean prices are at $10.75, down 10 cents, and July 26 prices are at $10.89, down 10 cents [2]