Soybeans are showing slight losses on Friday’s midday, as they bounce off the early lows. March expires at the close. The cmdtyView national average Cash Bean price is down 1/4 cent at $11.52 1/4. Soymeal futures are up $1 to $3 at midday, with Soy Oil futures are steady to 3 points higher. Crude oil is bouncing off early lows and up $1.19 at midday.
USDA Export Sales data has soybean export commitments at 36.49 MMT by 3/5, a 19% drop from the same period last year. That is now 85% of USDA’s estimate for 2025/26 and behind the 93% average sales pace. Shipments are 27.15 MMT, and now 63% of that USDA number and behind the 79% average pace.
