International Soybean Market

12-Apr-2025 08:08 AM

International Soybean Market
In retaliation to the U.S. increasing tariffs, China has also responded by imposing its own, resulting in a total tariff of 125% on all U.S. goods.
A private export sale of 121,000 metric tons of soybeans has been reported, sold to "unknown destinations." Out of this, 55,000 metric tons are for the old crop and 66,000 metric tons for the new crop.
Data from the National Oilseed Processors Association (NOPA) is set to be released on Tuesday, with trade estimates predicting March's soybean crush at 197.6 million bushels — slightly above March 2024 levels. Soybean oil stocks are expected to total around 1.617 billion pounds.
According to Commitment of Traders (COT) data, speculative traders have added 20,600 new contracts in soybean futures and options, bringing the total speculative position to 50,477 contracts as of Tuesday. Commercial traders have reduced their net short positions by 21,775 contracts, lowering their total net short position to 81,365 contracts.
As per the USDA export sales report, total soybean export commitments as of April 3 have reached 46.343 million metric tons. This represents 93% of the USDA’s forecast of 1.825 billion bushels, compared to a 5-year average of 94%. Actual export shipments have reached 84% of the USDA forecast, which is ahead of the 5-year average shipping pace of 83%.