International Soybean News
17-Jan-2026 08:11 AM
International Soybean News
According to the weekly Commitment of Traders report released Friday afternoon, as of January 13 speculators reduced another 44,756 contracts from their net long position in soybean futures and options, bringing the total net long down to 12,961 contracts.
Export Sales data shows total soybean export commitments at 30.637 million metric tons as of January 8, which is 25% lower than the same period in 2025. This equals 71% of the USDA projection and is 15 percentage points behind the normal pace.
Actual accumulated shipments stand at 17.984 million metric tons, or 42% of USDA’s estimate, well behind the 60% average shipping pace.
After several private agencies updated their Brazilian crop estimates on Thursday, Safras raised its projection by 0.52 million metric tons to 179.28 million metric tons.