Soybean Jan '25 (ZSF25)

Soybeans posted weakness to start the week, with losses of 4 to 5 ½ cents across the board. CmdtyView’s national front month Cash Bean price was down 3 cents at $9.36. Soymeal futures added to the pressure down 40 cents to $4/ton on the day. Soy Oil futures were also a pressure factor, down 9 to 36 points on the session. 

The USDA reported a private export sale of 134,000 MT of soybeans to China for 2024/25.

The monthly Fats & Oils report showed 215.76 mbu of soybeans crushed for bean oil during October, which was an all-time record and above the trade’s estimate of 210.9 mbu. That was also 15.7% above the September crush and 7.15% above last year. Soybean oil stocks totaled 1.485 billion lbs, a 1.1% from last year and last month.

Export Inspections data showed 2.088 MMT (76.73 mbu) in soybean shipments in the week of November 28. That was up 78% from the week prior and down 1.4% from last week. The largest destination was China, of 952,095 MT, with 548,461 MT head... Read more