To start the week, soybeans were briefly higher at the start of the overnight session before turning lower. The market added to the losses in the day session and closed lower. Technical selling and profit taking pressured the market. A lack of new flash sales added pressure. Last week there were reports China bought 10 to 15 cargoes of US soybeans (600,000 to 900,000 MT). USDA reported a sale of 312,000 MT on Friday. Traders were hoping to see another flash sale announcement today to confirm those reports, but no announcements were made. Marketing year to date export shipments total 436 MB, just over half of last year’s same week total of 802 MB as nothing has been shipped to China yet. In South American news, Brazil’s soybean planting is 88% complete vs. 87% average. Parts of Brazil and Argentina saw good rains over the weekend. Meanwhile, StoneX lowered their estimate of Brazil’s production by 1.7 MMT to 177.2 MMT. But that would still be record production.
Soybeans saw gains overnight but fell lower throughout the day session and closed with small losses on Tuesday. A lack of confirmation of sales to China pressured soybeans. Last week there were reports China was in and bought 600,000 to 900,000 MT of US soybeans. USDA confirmed a sale of 312,000 MT last Friday, but there have been no flash sales announcements this week. Marketing year to date sales to China total 2.25 MMT, far short of the 12 MMT China supposedly said they will purchase by the end of the year. 76% of ag economists polled in a recent survey said they doubt China will purchase the full 12 MMT by year end with some thinking the total might be closer to 8 to 10 MMT. A few analyst groups are lowering their Brazilian production estimates due to dry conditions in parts of the country, but a Brazilian consultant today increased their estimate from 171.5 MMT to 171.9 MMT.
In Wednesday’s session soybeans saw gains overnight but lost ground in the day session and closed with losses. Early losses were due to a lack of confirmation of China purchases. There were rumors China bought another few cargoes on Wednesday but there have been no flash sales announcements this week to confirm that. Losses accelerated when Treasury Sect. Bessent said China will fulfill its commitments and will purchase 12 MMT of US soybeans by the end of February (instead of the end of December as the Trump administration previously stated). There have been doubts that China would buy 12 MMT by year end since new crop total sales sit at just 2.25 MMT. But getting official confirmation that the goal posts were moved to February pressured the market. On a brighter note, Reuters reported that shipping data shows at least 6 more vessels will be loaded from the Gulf with soybeans to be shipped to China in the first half of December.
Soybeans traded mostly on the higher side in Thursday’s choppy session and closed with small gains. Rumors of China purchases and technical buying supported soybeans. Dryness in parts of Brazil was also supportive. Gains were limited by slow export demand. There have been no daily sales announcements for soybeans this week. Yesterday, Treasury Sec. Bessent said China is on track to buy the 12 MMT of US soybeans by the end of February, instead of the previously announced end of December. USDA released the export sales report for the week ending 10/30/25. This report showed the first Chinese purchase of the marketing year at 232,000 MT. China’s total purchases for the same time last year were 12.3 MMT.
For the week, January soybeans were at $11.0525 down 32.5 cents while March soybeans were at $11.16 down 30.0 cents. January soybean meal was at $307.40 down $11.30 and January soybean oil was at $51.69 down 36 cents.
Soybean Weekly Comments December 5
Soybean Weekly Comments December 5
To start the week, soybeans were briefly higher at the start of the overnight session before turning lower. The market added to the losses in the day session and closed lower. Technical selling and profit taking pressured the market. A lack of new flash sales added pressure. Last week there were reports China bought 10 to 15 cargoes of US soybeans (600,000 to 900,000 MT). USDA reported a sale of 312,000 MT on Friday. Traders were hoping to see another flash sale announcement today to confirm those reports, but no announcements were made. Marketing year to date export shipments total 436 MB, just over half of last year’s same week total of 802 MB as nothing has been shipped to China yet. In South American news, Brazil’s soybean planting is 88% complete vs. 87% average. Parts of Brazil and Argentina saw good rains over the weekend. Meanwhile, StoneX lowered their estimate of Brazil’s production by 1.7 MMT to 177.2 MMT. But that would still be record production.
Soybeans saw gains overnight but fell lower throughout the day session and closed with small losses on Tuesday. A lack of confirmation of sales to China pressured soybeans. Last week there were reports China was in and bought 600,000 to 900,000 MT of US soybeans. USDA confirmed a sale of 312,000 MT last Friday, but there have been no flash sales announcements this week. Marketing year to date sales to China total 2.25 MMT, far short of the 12 MMT China supposedly said they will purchase by the end of the year. 76% of ag economists polled in a recent survey said they doubt China will purchase the full 12 MMT by year end with some thinking the total might be closer to 8 to 10 MMT. A few analyst groups are lowering their Brazilian production estimates due to dry conditions in parts of the country, but a Brazilian consultant today increased their estimate from 171.5 MMT to 171.9 MMT.
In Wednesday’s session soybeans saw gains overnight but lost ground in the day session and closed with losses. Early losses were due to a lack of confirmation of China purchases. There were rumors China bought another few cargoes on Wednesday but there have been no flash sales announcements this week to confirm that. Losses accelerated when Treasury Sect. Bessent said China will fulfill its commitments and will purchase 12 MMT of US soybeans by the end of February (instead of the end of December as the Trump administration previously stated). There have been doubts that China would buy 12 MMT by year end since new crop total sales sit at just 2.25 MMT. But getting official confirmation that the goal posts were moved to February pressured the market. On a brighter note, Reuters reported that shipping data shows at least 6 more vessels will be loaded from the Gulf with soybeans to be shipped to China in the first half of December.
Soybeans traded mostly on the higher side in Thursday’s choppy session and closed with small gains. Rumors of China purchases and technical buying supported soybeans. Dryness in parts of Brazil was also supportive. Gains were limited by slow export demand. There have been no daily sales announcements for soybeans this week. Yesterday, Treasury Sec. Bessent said China is on track to buy the 12 MMT of US soybeans by the end of February, instead of the previously announced end of December. USDA released the export sales report for the week ending 10/30/25. This report showed the first Chinese purchase of the marketing year at 232,000 MT. China’s total purchases for the same time last year were 12.3 MMT.
For the week, January soybeans were at $11.0525 down 32.5 cents while March soybeans were at $11.16 down 30.0 cents. January soybean meal was at $307.40 down $11.30 and January soybean oil was at $51.69 down 36 cents.