Overview
- Soybean futures and cash prices added about 5–6 cents Friday, with strength tied to soybean meal and a drier Argentina outlook.
- USDA reported 407,086 MT in weekly soybean sales, lifting commitments to 35.65 MMT, or 83% of the export forecast and 19% below last year.
- The spring crop‑insurance base for soy is being set with November futures averaging roughly $11.08 for February, about 54 cents above a year ago.
- Wheat rallied across Chicago, KC and Minneapolis as traders covered shorts into month end, even as weekly U.S. wheat sales hit a six‑week low.
- Corn firmed on fresh private export deals to Japan and unknown destinations, though weekly sales of 682,804 MT came in below trade expectations.