Soybean International News
20-Mar-2026 08:30 AM
Soybean International News
For the week of March 12, old crop soybean sales were reported at just 298,208 MT, marking a marketing year low and 15.42% below the same week last year. China was the largest buyer at 79,900 MT, including 66,000 MT switched from unknown destinations. Mexico purchased 74,000 MT, while 30,400 MT was sold to unknown destinations.
New crop sales were only 6,600 MT, at the low end of the estimated range of 0 to 100,000 MT.
Soybean meal sales totaled 220,927 MT, within the estimated range of 150,000–350,000 MT. Soybean oil sales came in at 5,241 MT, also within the expected range of net reductions of 20,000 MT to net sales of 22,000 MT.
Abiove raised its estimate of Brazil’s soybean crop to 177.85 MMT, up by 0.73 MMT from the previous estimate. The Buenos Aires Grain Exchange reported that 38% of Argentina’s soybean crop is rated good to excellent, up 3% from the prior week.
IGC data showed global soybean production for 2025/26 at 426 MMT, down 2 MMT from last month. Consumption was reduced by 1 MMT, and stocks declined by 1 MMT to 78 MMT. For 2026/27, production is expected to increase by 16 MMT to 442 MMT, with consumption up 12 MMT and ending stocks slightly higher at 79 MMT.