Soybean Futures Edge Higher as Weekly Export Sales Reach Marketing-Year Peak

Soybean futures advanced at the end of Friday’s session on January 23, 2026, as traders reacted to firm cash prices and the strongest weekly U.S. export sales of the current marketing year. Nearby contracts on the Chicago Board of Trade finished 3 to 4 cents higher, capping a week in which the March contract gained a full dime.

Futures prices closed as follows:

• March 2026 soybeans: $10.67 3/4 per bushel, up 3 3/4 cents on the day and 10 cents for the week.
• May 2026 soybeans: $10.79 1/2, up 3 1/4 cents.
• July 2026 soybeans: $10.92 1/2, up 3 1/2 cents.

In the cash market, the cmdtyView national average soybean price rose 3 3/4 cents to $9.98 3/4 per bushel.

Related Soy Complex Markets

Soybean meal futures added between 20 cents and $3.70 per ton across the board on Friday. For the week, the March meal contract climbed $9.90 per ton. Soybean oil futures increased 5 to 21 points on the day, with the March contract 138 points higher than a week earlier.

Weekly Export Sales

The U.S. Department of Agriculture’s weekly Export Sales Report showed net soybean bookings of 2.45 million metric tons (MMT) for the week ended January 15. The volume marked a marketing-year high, exceeding the previous week’s tally by 18.6 percent and topping the comparable week a year ago by 63.97 percent.

China emerged as the largest purchaser, securing 1.304 MMT. Unknown destinations accounted for 338,300 metric tons, while Egypt booked 218,300 metric tons. Cumulative soybean commitments for the marketing year continued to outpace year-ago levels, supported by consistent demand from major importers.

Imagem: imagem internet 29

Sales of soybean meal totaled 412,671 metric tons, landing near the upper end of pre-report trade expectations that ranged from 200,000 to 500,000 metric tons. Exporters reported soybean oil sales of 10,499 metric tons, within the lower half of estimated projections of 5,000 to 25,000 metric tons.

Speculative Positioning

Commitments of Traders data released by the Commodity Futures Trading Commission indicated that speculative traders reduced their net long position in soybean futures and options by 2,901 contracts during the week ended Tuesday. The adjustment left managed money accounts net long 10,060 contracts.

Crédito da imagem: PublicDomainPictures via Pixabay