Soybean Losses Extending on Monday AM Trade

Soybeans are trading with Monday losses of 3 to 4 cents so far. They bounced back off the midday lows into the Friday close, with contracts down 1 to 3 ¾ cents, as January was up ¾. On the week January was up 6 cents, with the contracts down 5 since the end of October. CmdtyView’s national front month Cash Bean price was up 3/4 cents at $9.39. Soymeal futures were down $1.60 to 3.50/ton on the day. There were 394 deliveries issued against December soybean meal, all stopped by a Citigroup Global customer.  Soy Oil futures were up 53 to 86 points on the session. No deliveries were issued against December bean oil.

Weekly Export Sales data showed 2024/25 bean sales totaling a MY high 2.49 MMT, hitting the high end of the 1.5 to 2.5 MMT in the week of 11/21. A bulk was sold to China at 1.087 MMT, with Mexico buying 229,000 MT and Germany in for 202,000 MT. Sales for 2025/26 were at 18,000 MT to unknown destinations. Meal sales totaled 487,325 MT, which was a MY high and 77.3% above the week prior. Soybean oil sales totaled the largest since December 2010 at 124,792 MT. 

USDA’s monthly crush report will be released this afternoon, with the trade looking for crush 210.9 mbu of soybeans during October. Soy oil stocks are seen at 1.52 billion lbs.

Brazilian soybean crop estimates from AgroConsult show 2024/25 production seen at 172.2 MMT, which is up 10.2% from the year prior. AgRural estimates the Brazilian soybean crop at 91% planted as of Thursday faster than the 85% in the same week last year. 

Jan 25 Soybeans  closed at $9.89 1/2, up 3/4 cent, currently down 3 1/4 cents

Nearby Cash  was $9.39, up 3/4 cent,

Mar 25 Soybeans  closed at $9.96, down 1 cent, currently down 3 3/4 cents

Jul 25 Soybeans  closed at $10.20 1/2, down 2 3/4 cents, currently down 4 cents