Beans and Basis: March Futures Hold Ten-Fifty While Brazil Looms Large
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Beans and Basis: March Futures Hold Ten-Fifty While Brazil Looms Large
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This is your Daily Soybeans Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Soybeans Price Tracker with Vanessa Clark. Im Vanessa, and today were diving into the latest on soybean prices, fresh market updates, and what it all means for you.
Right now, the March 2026 soybean futures are sitting at 1057 and a half cents per bushel, up a bit from recent sessions according to investing.com historical data and ever.ag futures report. Thats holding steady around the ten dollar fifty mark after some ups and downs this week. World Perspectives notes the March contract closed at 10.53 earlier, showing a small bounce today.
The big story still buzzing is that January USDA WASDE report from the Grain Farmers of Ontario Market Trends and farms.com. It bumped US harvested soybean acres to 80.4 million with yields steady at 53 bushels per acre, pushing total production higher and ending stocks up to 350 million bushels. Exports took a hit from Brazil's massive 178 million metric ton crop, keeping pressure on prices. But hey, US crush for biodiesel is crushing it, up 285 million bushels lately, which supports demand.
Basis levels look solid too, with old crop soybeans at three dollars ten cents to three dollars fifty-five cents over March futures in Ontario spots. Chinas buying less US beans, eyeing Brazil instead, and freight costs are shaking up global competition per RFD-TV.
Actionable tip for you growers and traders: Watch South American weather closely as their harvest ramps up in February. Prices could swing on any dry spells. If youre holding inventory, those strong basis bids might be your cue to lock in sales soon, especially with stocks building.
Thats your soybean scoop, friends. Thanks for tuning in, subscribe so you never miss a beat, and catch you next time on Daily Soybeans Price Tracker. Take care!
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