Soybean Prices Decline by Tuesday’s End

Soybean Market Update

Soybean prices slipped in the afternoon, reversing earlier gains. By midday, contracts had dropped between 5 and 7 cents. The national average cash price for soybeans, as reported by cmdtyView, decreased by 5 cents to $9.82 1/4. Soymeal futures ended the session up by 20 cents to $1.30, while soy oil futures lost 38 to 47 points.

According to Reuters, China purchased 10 shipments of U.S. soybeans this week, scheduled for delivery between March and May. The USDA confirmed a portion of these sales today, announcing a private export of 336,000 metric tons to China. Additionally, the USDA revised a previous flash sale from December 30, reallocating 136,000 metric tons to China and 206,700 metric tons to unspecified destinations from the original 231,000 metric tons marked as unknown.

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Export and Import Trends

Recent export sales figures indicate total soybean commitments have reached 27.698 million metric tons, representing a 31% year-over-year decrease. This accounts for just 51% of the USDA's annual forecast, trailing the five-year average pace of 52%.

Data from the European Commission shows that the European Union has imported 6.46 million metric tons of soybeans from July 1 to January 4, which is 0.88 million metric tons less than the same period last year.

Brazil's soybean exports in December totaled 3.38 million metric tons, marking a 68.6% increase compared to December 2024, but a 19.4% decline from November's figures.

Recent Soybean Closing Prices

• January 26 Soybeans closed at $10.42, down 5 1/4 cents
• Nearby Cash settled at $9.82 1/4, down 5 cents
• March 26 Soybeans ended at $10.56 1/4, down 5 3/4 cents
• May 26 Soybeans finished at $10.68, down 6 1/4 cents