Soybean Market Updates: Weekly Losses and Export Commitments

Soybeans saw a decrease by Friday’s close, with losses of 3 ¼ cents, leading to a total weekly gain of just 13 ¼ cents for the May contract. CmdtyView reported the national front month Cash Bean price at $10.03 ¾, down 3 cents. Soymeal futures increased by $1.30 per ton but ultimately fell $5.60 for the week. In contrast, Soy Oil futures dropped by 44 points during the session, although they still maintained a 141-point weekly gain. It is worth noting that May options expired today.

Speculative Activity

According to CFTC data, soybean spec funds added 4,898 contracts to their net long position in futures and options trading. This brought their total net long to 31,067 contracts as of Tuesday.

International Developments

Overnight, China announced some tariff relief through exemptions. While soybeans were not included in this list, it may indicate economic pressures being felt in Beijing.

Export Commitments

Thursday’s Export Sales report revealed that total export sale commitments reached 47.056 million metric tons (MMT), which is 13% higher than the same time in 2024. This figure corresponds to 95% of the USDA’s export estimate and aligns with the average pace of 95%.

Market Close Prices

May 25 Soybeans closed at $10.49 ¾, down 3 ¼ cents.

Nearby Cash was priced at $10.03 ¾, down 3 cents.

Jul 25 Soybeans ended at $10.59 ¼, down 2 ¾ cents.

Nov 25 Soybeans closed at $10.35, down ½ cent.

New Crop Cash was reported at $9.74 ¾, down ¼ cent.

On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. For more details, please refer to the Barchart Disclosure Policy here.

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