International Soybean Market

24-May-2025 08:12 AM

International Soybean Market
According to the weekly Commitment of Traders report as of May 20, speculative funds reduced their net long position in soybean futures and options by 25,753 contracts to 12,654 contracts. In soybean meal, managed money held a record net short position of 107,466 contracts.
USDA’s export sales data shows total soybean commitments at 48.31 MMT, which is 13% higher than the same time last year. This is 96% of USDA’s export projection, compared to the 99% average pace for this time of year. So far, 44.15 MMT has been shipped, which is 88% of USDA’s target and matches the average shipping pace.
President Trump announced this morning that a 50% tariff will be applied to EU products starting June 1.
There are no unshipped sales of soybeans to the EU currently, while total commitments stand at 5.03 MMT. Last year, total commitments to the EU were 5.02 MMT, accounting for 11.3% of the year’s total exports.