Soybeans posted Monday gains of 4 to 5 ½ cents as bulls were in a jollier mood to start the holiday week. The cmdtyView national average Cash Bean price was 4 1/4 cents higher at $9.83 3/4. Soymeal futures were 50 cents to $1 higher on Monday. Soy Oil futures were back up 58 to 67 points, with support from a bounce in the crude oil market.
USDA reported a private export sale of 396,000 MT of soybeans to China this morning, with 330,000 MT for 2025/26 and 66,000 MT for 2026/27.
USDA tallied soybean export shipments at 870,199 MT (31.97 mbu) during the week ending on December 18. That was 7.4% above the week prior but 51% below than the same week in 2024. China was the top destination of 386,010 MT, with 177,758 MT headed to Mexico and 68,599 MT to Germany. Marketing year exports for 2025/26 are just 14.584 MMT (535.97 mbu) since September 1, which is now 46% lower vs. the same period last year.
Export Sales data from this morning showed 1.55 MMT of soybeans sold in the week of December 4, in the middle of analysts expecting 0.8-2 MMT. That was the second largest total for the marketing year and 32.2% above the same week last year. Meal sales were tallied at 275,487 MT, which was on the lower end of the estimated range of 200,000-500,000 MT. Bean oil bookings were 1,213 MT, below the 5,000-25,000 MT range of estimates.
USDA’s Export Sales report for the week of December 11 will be out on Tuesday morning, with 1.8-2.9 MMT in soybean sales expected in that week. Soy meal sales are seen at 275,000-550,000 MT, with bean oil sales estimated in a range of 5,000-24,000 MT.
AgRural estimates the Brazilian soybean crop at 180.4 MMT, up 1.9 MMT from their previous estimate. China’s soybean imports in November totaled 5.85 MMT from Brazil and 1.78 MMT from Argentina, with the two counties accounting for 93.9% of the total for the month.
Jan 26 Soybeans closed at $10.53 1/4, up 4 cents,
Nearby Cash was $9.83 3/4, up 4 1/4 cents,
Mar 26 Soybeans closed at $10.65, up 5 1/2 cents,
May 26 Soybeans closed at $10.75 1/2, up 5 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.
