International Soybean Market

22-Mar-2025 08:53 AM

International Soybean Market
According to the Commitment of Traders (COT) report, speculative traders increased their net short positions in soybean futures and options by 6,461 contracts as of March 18. Their total net short position reached 22,005 contracts by that date, primarily due to long liquidation (selling of previous long positions).
Commercial traders also added 4,628 contracts to their net short positions by March 18, bringing their total net short position to 93,103 contracts.
As of now, soybean export commitments for the 2024/25 marketing year have reached 45.422 million metric tons (MMT), which is 13% higher than the same period last year. This represents 91% of the USDA’s soybean export forecast, slightly below the five-year average pace, which stands at 92%.