Soybeans are trading with 7 to 9 cent gains on Tuesday AM trade. Futures saw weaker trade on Monday with contracts closing 4 to 5 cents lower in the nearbys. Open interest was down just 225 contracts on Monday. The cmdtyView national average Cash Bean price was 1 3/4 cents lower at $9.96 3/4. Soymeal futures were 20 to 90 cents higher, with Soy Oil futures were down 30 to 37 points at the close. Bean oil is up 138 points this morning.
USDA’s FGIS tallied soybean export shipments at 1.31 MMT (48.15 mbu) during the week ending on January 29. That was 1.9% below the week prior but 14.9% above the same week last year. China was the top destination of 740,004 MT, with 137,596 MT headed to Mexico and 121,059 MT to Egypt. Marketing year exports for 2025/26 are 21.99 MMT (808 mbu) since September 1, which is now 35.7% below the same period last year and has closed the gap since early January by nearly 10 percentage points.
