Soybean Market Sees Mixed Results as Export Inspections Decline

The soybean market is experiencing a pullback from earlier gains, though contracts continue to show an increase of 7 to 9 cents at midday. CmdtyView reports the national front month Cash Bean price has risen by 8 3/4 cents, reaching $9.44 1/4. In addition, soymeal futures have climbed by a dime, and soy oil futures are up by 44 points. There were also 66 deliveries against January soybean futures, along with 279 for January soy meal and 16 for bean oil.

Political Developments Affect Market Sentiment

In overnight news, a report suggested that President-elect Trump was considering limiting tariffs on critical imports, instead of imposing a blanket tariff. However, a post from Trump on Truth Social refuted those claims this morning.

Export Inspections Show Mixed Results

According to export inspections data, 1.285 million metric tons (MMT), or 47.21 million bushels (mbu), of soybeans were exported during the week ending January 2. This figure marks a decline of 21.8% from the previous week, but a notable increase of 23.5% compared to the same week in 2024. China led the way with 559,696 MT, while the Netherlands received 136,461 MT. Year-to-date shipments now total 29.956 MMT (1.101 billion bushels), reflecting a 23.2% rise over the same timeframe last year.

Current Soybean Prices

Jan 25 Soybeans are priced at $9.89 3/4, up 8 3/4 cents.

Nearby Cash stands at $9.44 1/4, also up 8 3/4 cents.

Mar 25 Soybeans are at $10.00 1/2, rising by 8 3/4 cents.

Jul 25 Soybeans are currently at $10.23 1/2, an increase of 7 cents.

On the date of publication, Austin Schroeder did not hold any positions in the mentioned securities. The data and information provided in this article are for informational purposes only. For more details, please refer to the Barchart Disclosure Policy.

The opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.