Soybeans are trading with gains of 12 to 13 cents in the nearbys on Wednesday. The cmdtyView national average Cash Bean price is 12 3/4 cents higher at $9.95 1/4. Soymeal futures are $5.70 to $7 higher at midday, with Soy Oil futures slightly higher. There were 88 deliveries issued against January soybeans overnight, with 78 issued for bean oil.
USDA is officially back to a normal Export Sales release schedule, as analysts are expecting to see between 0.75-1.3 MMT of 2025/26 soybeans sold for export in the week of 1/1. Sales for 2026/27 are seen in a 0-300,000 MT range. Soybean meal bookings are estimated to total 100,000-350,000 MT, with 0-30,000 MT seen for soybean oil.
Brazil soybean exports were tallied at 3.38 MMT in December, which was up 68.6% from the same month in 2024 and down 19.4% from November.
Jan 26 Soybeans are at $10.55, up 13 cents,
Nearby Cash is at $9.95 1/4, up 12 3/4 cents,
Mar 26 Soybeans are at $10.68 3/4, up 12 1/2 cents,
May 26 Soybeans are at $10.80, up 12 cents,
