Soybeans Pull Back on Wednesday

Austin Schroeder Barchart Wed Jan 22, 5:29PM CST
Handfull of soybeans via Pixabay

Soybeans closed the Wednesday session with contracts down 9 to 12 cents in the nearbys and November just 3 cents lower. CmdtyView’s national front month Cash Bean price was down 11 3/4 cents at $9.94 ¼. Soymeal futures were $3.90 to 4.80/ton higher on the session. Soy Oil were back down 85 to 135 points on the session. 

Weekly Export Sales data is pushed back to Friday due to the Monday holiday.

Late on Tuesday, President Trump followed the Mexico and Canada tariff threat with a February 1 start date for potential 10% tariffs on China and the EU. Overnight, China has halted soybean imports from 5 Brazilian firms citing phytosanitary requirements.

S&P Global estimates the 2025 corn acreage to total 83.3 million acres, a 700,000 acre decrease from the previous estimate in December.

Mar 25 Soybeans  closed at $10.56, down 11 1/4 cents,

Nearby Cash  was $9.95 1/4, down 11 3/4 cents,

May 25 Soybeans  closed at $10.68 1/4, down 9 1/2 cents,

Nov 25 Soybeans  closed at $10.46 3/4, down 3 cents,

New Crop Cash  was $9.82 1/2, down 3 cents,


On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.