On Friday, soybeans recorded gains of 2 to 3 cents, with the cmdtyView national average cash bean price rising 2.5 cents to $9.85 1/2. Soymeal futures varied, down 70 cents to $1.10 higher at midday, while soy oil futures dropped 20 to 25 points. The markets will observe a closure on Monday for Martin Luther King Jr. Day and reopen Monday evening.
As of January 8, total soybean commitments reached 30.637 million metric tons (MMT), falling 25% behind the same period in 2025, equating to 71% of the USDA projection, and showing a 15 percentage point decline from the norm. Actual accumulated shipments stood at 17.984 MMT, just 42% of the USDA’s estimate and significantly behind the 60% average pace. Meanwhile, Safras has revised Brazil’s crop estimate upward by 0.52 MMT to 179.28 MMT.
