**Soybean Market Update – March 26**
On March 26, soybeans gained 8 to 10 cents across most contracts, with the cmdtyView national average Cash Bean price rising 10.75 cents to $9.82. Soymeal futures fell by $2.20 to $5, while Soy Oil futures rallied between 122 to 199 points. The USDA reported private export sales of 435,000 metric tons (MT) of soybeans to unknown destinations, including 360,000 MT for the 2025/26 marketing year and 75,000 MT for 2026/27. Additional sales included 110,000 MT to unknown and 204,000 MT to China.
The USDA’s latest Export Sales report indicated that during the week of January 8, total sales reached 2.06 million MT, surpassing estimates and marking the largest sales in four weeks. China emerged as the top buyer with 1.224 million MT, followed by Egypt with 273,200 MT and Mexico with 191,000 MT. Soybean meal sales were reported at 340,579 MT, while bean oil sales totaled 14,113 MT. Additionally, NOPA data revealed that 224.991 million bushels of soybeans were crushed in December, up 8.9% from the previous year and 4.14% from November. Soybean oil stocks increased by 8.5% month-over-month to 1.642 billion pounds.
Brazil’s soybean production is estimated at 176.12 million MT by CONAB, down 1 million MT from December. Conversely, AgroConsult projects a 4.1 million MT increase to 182.2 million MT.
