Soybean Morning Audio Recap

<div><audio controls><source src="https://stream.futuresline.com/audioarchive/1743682522357-40113.mp3" type="audio/mp3"></audio></div><br /><h3 style="font-family: Verdana, Geneva, sans-serif;">Transcript</h3><div style="font-size: 12pt; font-family: Verdana, Geneva, sans-serif;">Here's the latest on the Soybean Market from QT NEWS.<br /><br />Good morning, everyone.<br /><br />Today, we focus on the soybean market as new developments unfold. As of April 3, 2025, analysts are forecasting weekly soybean export sales to fall within a range of 250,000 to 900,000 metric tons, while soybean meal sales are expected between 100,000 and 300,000 metric tons. On the oil side, projections for soybean oil sales are between 5,000 and 35,000 metric tons.<br /><br />In recent news, trade sources reported an interesting trend in edible oil imports in India, where March imports reached 968,000 metric tons, showing an increase of 9.3% from the previous month's pace. Moreover, Ukrainian sunflower oil exports were estimated at 503,000 metric tons, down 20% from last year?s figures, while soy oil exports showed a positive trend with a significant rise to 57,000 metric tons in March compared to 31,000 metric tons the previous year.<br /><br />Weather conditions in Ukraine have generally been favorable for the development of winter and spring grains, which may impact supply in the near future. The USDA's latest report indicates that Mexico's soybean imports are anticipated to rise by 1% in the 2025/26 marketing year, driven by increased demand from livestock feeders.<br /><br />Turning to market movements, Dalian May soybean futures traded up by 22 yuan, settling at 3,961 yuan per metric ton. This follows a notable period where soybean oil has rallied 12% over the past week, supported by ongoing discussions regarding biofuel mandates, which appear to be gaining positive traction.<br /><br />In terms of crush margins, the board crush margins are currently steady at around $1.33 per bushel, marking a six-week high following the USDA's reported crush of 189 million bushels in February. This figure was close to market expectations and enhances our outlook on domestic raw soy processing.<br /><br />Overall, while there are fluctuations in the market, we observe a resilient demand structure that encourages a cautious optimism. As we move forward, it's vital to stay informed about global supply dynamics and trade negotiations that could influence soybean prices.<br /><br />Thank you for your attention, and I'll keep you updated on further developments in the soybean market.</div>