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This is your Daily Soybeans Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to the Daily Soybeans Price Tracker with me, Vanessa Clark. Today we're diving into the latest on soybean prices, market moves, and what it all means for you whether you're a farmer, trader, or just keeping tabs on this key commodity.
Let's kick off with the current trading prices straight from the Ever.Ag Spot Market Summary. January soybeans are sitting at 10.5725 dollars per bushel, down 0.0600 from yesterday. That's a slight dip after that nice Christmas Eve rally where January closed up 11 and a quarter cents to 10.6275 dollars, according to Total Farm Marketing's morning update. March futures are trading around 10.7312 to 10.75 dollars at midday, off about 3 cents as per their midday report from Total Farm Marketing. Soybean meal for January is up a touch to 304.80 dollars per ton from Ever.Ag, while soybean oil holds steady.
What's driving this? Strong U.S. export sales are a big positive, with commitments way ahead of last year and China buying big, as noted in Total Farm Marketing updates. But private estimates from ADM Investor Services peg the 25/26 U.S. soybean carryout higher at around 400 million bushels versus USDA's 290 million, which could pressure prices lower. South American weather is key too: Brazil's seeing scattered rain with hotter temps that might stress crops, and Argentina's south is bone dry with no rain forecast for 10 days. That could tighten global supplies down the road.
For you listening, here's your actionable takeaway: If you're holding soybeans, watch those export numbers and South America closely. Strong U.S. demand might support a rebound, but higher carryout estimates mean hedging could protect against downside. Export sales of soybean meal are up 10 percent year-over-year per USDA data via Tridge, a bright spot for crushers.
That's your daily scoop on soybeans. Thanks for tuning in, friends – hit subscribe so you never miss an update, and I'll catch you next time on the Daily Soybeans Price Tracker with Vanessa Clark. Take care!
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