Soybeans End Friday with Gains

Soybean Market Update: Friday Recap

Soybean futures ended Friday with most contracts gaining between 4 and 5 cents, while the March contract finished the week down just 4 ¾ cents. The national average cash price for soybeans, as reported by cmdtyView, increased by 5 1/4 cents to $9.87 1/4. Soymeal futures advanced by 80 cents to $2.40 higher, despite March contracts dropping $13.70 over the week. In contrast, soy oil futures declined by 18 to 36 points on Friday, but still closed the week up by 292 points. Please note, markets will be closed on Monday in observance of Martin Luther King Jr. Day and will resume trading Monday evening.

The latest Commitment of Traders report, released Friday afternoon, revealed that speculative traders reduced their net long positions in soybean futures and options by 44,756 contracts, bringing the total to 12,961 contracts as of January 13.

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According to Export Sales data, total soybean commitments reached 30.637 million metric tons as of January 8, which is 25% lower than the same period last year. This figure represents 71% of the USDA’s annual forecast, trailing the typical pace by 15 percentage points. Actual shipments to date stand at 17.984 million metric tons, or 42% of the USDA’s projection, which is significantly behind the average of 60% for this time of year.

Following updates from private analysts on Thursday, Safras increased its estimate for Brazil’s soybean crop by 0.52 million metric tons, now projecting a total of 179.28 million metric tons.

Recent Soybean Closing Prices

• March 2026 Soybeans closed at $10.57 3/4, up 4 3/4 cents
• Nearby Cash price settled at $9.87 1/4, up 5 1/4 cents
• May 2026 Soybeans finished at $10.68 3/4, up 4 1/2 cents
• July 2026 Soybeans ended at $10.81 1/4, up 5 cents