Soybean Scoop: Futures Slip, Brazil's Crop Looms, Vanessa's Tips
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This is your Daily Soybeans Price Tracker with Vanessa Clark podcast.
Welcome back to the Daily Soybeans Price Tracker, I am Vanessa Clark, and we are diving into the latest soybean market news and today’s soybean price so you can stay on top of your marketing and buying decisions.
Let us start with the numbers. According to Trading Economics and recent futures data, benchmark soybean futures are trading around 10 dollars and 59 cents per bushel, or about 1 thousand 59 cents per bushel, after slipping again today. Investing dot com shows nearby United States soybean futures recently settling near 1 thousand 57 dollars and 25 cents per contract unit, reflecting another modest daily loss.
In plain language, soybeans are under pressure. Total Farm Marketing reports January 20 26 soybean futures around 10 dollars 57 and a half cents at midday, down several cents on the session. Analysts say the weakness is being driven by slower United States export demand, especially from China, and expectations for a big Brazilian soybean harvest.
Trading Economics notes that over the last month, soybean prices are down roughly 8 percent, even though they remain more than 11 percent higher than a year ago. Export inspections recently dropped more than 20 percent week over week and more than 40 percent from a year ago, which is weighing on sentiment. At the same time, Brazilian soybean planting is reported to be over 90 percent complete, with generally favorable weather, adding to expectations for strong global supplies.
So what can you do with all this if you are a farmer, trader, or end user watching daily soybean prices?
First, if you are a producer, consider your breakeven level and how today’s roughly 10 dollar 60 cent futures compare. With futures sitting near recent seven week lows, you may want to talk with your merchandiser or advisor about using tools like minimum price or call options to keep downside protection while leaving some room if prices recover on weather or export surprises.
Second, if you are a buyer, such as a feed mill or processor, soft futures can be an opportunity to extend coverage a bit further out, especially if these prices are profitable relative to your finished products. Many analysts are reminding end users that funds still hold sizable positions, and any shift in weather or export news could spark a quick bounce.
Third, keep an eye on a few key drivers that show up again and again in soybean price forecasts and soybean market analysis: Chinese purchasing pace, weekly United States export inspections, Brazilian and Argentine weather, and energy markets that influence biofuel demand. Those are the headlines that move the daily soybean price you see on your screen.
That is it for today’s Daily Soybeans Price Tracker with me, Vanessa Clark. Thanks for spending a few minutes catching up on the latest soybean price action and market news. If you found this helpful, be sure to subscribe, share this with a friend who watches soybean prices, and tune in next time for another update on the soybean market.
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