Soybean Morning Audio Recap

<div><audio controls><source src="https://stream.futuresline.com/audioarchive/1744632919289-40113.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 />In today's soybean market update, analysts are keenly anticipating the release of the NOPA March soybean crush report, which is expected to indicate a significant upward movement in crush numbers. Forecasts suggest the U.S. soybean crush could reach 197.6 million bushels, a notable increase from 177.87 million bushels in February and a slight rise from last year's figure of 196.41 million bushels. This is crucial data set to be published on April 15 at 11:00 AM CT.<br /><br />On the supply side, recent Chinese customs data revealed a stark decline in soybean imports, totaling 3.5 million metric tons for March, marking a 36.8% drop from the previous year and the lowest monthly import figure since 2008. Over the first quarter of 2025, total imports stood at 17.1 million metric tons, down 7.9% compared to the same period last year. These figures suggest some tightening in the global soybean trade landscape, especially with expectations around China's demand shaping market sentiments.<br /><br />Additionally, analysts from APK Inform foresee an increase in Ukraine's sunflower seed harvest for this year, projecting a rise of 14% to approximately 15.2 million metric tons, which is expected to support sunflower oil production as well.<br /><br />In other market movements, Euronext Paris May rapeseed futures saw an uptick of 13.25 euros, rising to 535.75 euros per metric ton. On the Dalian exchange, May soybean futures gained 79 yuan to finish at 4,175 yuan per metric ton, signaling a robust international interest in soybean and related oilseeds.<br /><br />Moreover, weather conditions are favorable, with forecasts of warmer temperatures and a drier trend supporting upcoming planting activities. The current domestic basis remains firm, encouraging cash sales from farmers who may otherwise be hesitant due to ongoing market fluctuations.<br /><br />As the market evolves, attention will remain on the reaction to upcoming reports and trade developments, particularly in light of the ongoing shifts in tariff policies and their implications for U.S. export competitiveness. Overall, the soybean market appears to be adjusting to both domestic reporting outcomes and international trade dynamics as we head further into the planting season.</div>