Soybeans Hit $10.67: China Buying Strong But Brazil's Bumper Crop Looms Large
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This is your Daily Soybeans Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Soybeans Price Tracker with Vanessa Clark. I'm Vanessa, your go-to guide for all things soybeans, and today we're diving into the freshest market updates, including the current trading price, export trends, and what it means for you.
Right now, March 2026 CBOT soybeans are trading around 10 dollars and 67 cents per bushel, up about 3 cents from yesterday's early action after closing Monday at 10 dollars 61 and three-quarters. That's according to the latest from Grains Prices and Ever.ag spot summaries. Cash bean prices are hovering near 9 dollars 92 cents nationally, per Barchart data.
Shipments are a bright spot, with last week's inspections hitting 1.324 million metric tons, almost 80 percent above last year, mostly to China. Year-to-date, we're up 37.5 percent, Grain Market Overview reports. But new export sales are lagging 22 percent behind last year, and China's shifting to cheaper Brazilian beans as their harvest ramps up to a projected 181 million metric tons.
USDA's January report bumped US 2025-26 production higher, adding pressure, while Brazil's second-crop corn lags but soybeans look record-strong. Funds are net long but trimming positions, per Total Farm Marketing.
For you traders and farmers, here's your takeaway: Watch that 10 dollar 68 cent resistance level. If you're holding, strong shipments support nearby contracts, but South American supply could cap rallies. Consider locking in sales if prices test 10 dollars 80 cents, or hedge with options for weather risks ahead.
Thanks for tuning in, buddies. Subscribe, share with your network, and join me next time for more soybean insights. Take care!
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