Soybeans are trading with Thursday losses of 9 to 17 cents at the midday part of the session. CmdtyView’s national front month Cash Bean price was up 16 1/2 cents at $9.81 1/4. Soymeal futures are down $4.90/ton, with Soy Oil futures down 2 points on the session.
Export Sales data from the USDA showed just 438,002 MT of 2024/25 soybean bookings reported in the week ending on January 23, below the estimated 0.45 to 1.7 MMT. That was a 3-week low and down 70.6% from last week, but still well above the same week last year. China was the buyer of just 145,300 MT, with Spain buying 66,300 MT. Another light 4,520 MT was reported for 2025/26, all for Japan.
Meal sales totaled 410,300 MT in that week, which was on the high end of the 100,000 to 450,000 MT range of estimates and the second largest for the marketing year. The Philippines was the buyer of 140,500 MT, with 106,900 MT sold to unknown destinations. Soy oil sales were tallied at 12,452 MT, in the middle of the 4,000 to 20,000 MT estimates. Shipments of soy oil were 103,600 MT, a marketing year high.
Mar 25 Soybeans are at $10.44 1/4, down 16 1/4 cents,
Nearby Cash is at $9.81 1/4, down 16 1/2 cents,
May 25 Soybeans are at $10.60 1/4, down 15 cents,
Nov 25 Soybeans are at $10.54, down 9 1/2 cents,
New Crop Cash is at $9.89 1/4, down 9 1/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
/Microsoft%20Corporation%20logo%20on%20phone-by%20rafapress%20via%20Shuterstock.jpg)