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This is your Daily Soybeans Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Soybeans Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on soybean prices, what's driving the market, and some smart tips to help you stay ahead.
Right now, May soybeans are trading up 2 cents at 11 dollars and 70 and a half cents per bushel, while November is up one and a half cents to 11 dollars 47 and three quarters cents. Total Farm Marketing reports soybean meal dipped a bit to 332 dollars 40 cents, but soybean oil climbed half a cent to 65 dollars 94 cents. That's a modest rebound after some volatility, with prices edging higher on firmer oil demand tied to energy market jitters from Persian Gulf tensions.
Export sales were slower last week at 305 thousand tons, down from 466 thousand, mainly to China, Mexico, and unknown spots, per Total Farm Marketing. China's curbing fertilizer exports to shield their farmers, tightening global supplies already squeezed by Strait of Hormuz issues. Meanwhile, bigger US planting plans for 2026 around 85 million acres could pressure prices longer term, according to Commodity Board and farmer surveys.
Trade uncertainty looms too, with a delayed Trump Xi summit stalling fresh China buys after a strong February surge of 1 point 45 million tons of US soybeans. Brazil's dominating imports there, adding competition.
Here's your takeaway: If you're a farmer or trader, lock in some forward sales now while prices hold above 11 dollars 60 cents, especially with low forward coverage at just 11 percent for next crop. Watch crude oil swings and China news closely, as they could spark quick moves. Diversify with meal exports looking solid short term.
Thanks for tuning in, pals. Subscribe, share with your network, and catch you next time for more Daily Soybeans Price Tracker updates. Take care.
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