# Oilseeds: Soybeans pick up: Bulls bet on export hopes

> Chicago soybeans extended gains on Thursday, with the March contract up 7.5 cents and soymeal up $0.90 to $304.80 per short ton. Traders expected soybean export sales of 375,000 to 1.2 million tons for the week ending February 12. USDA's Agricultural Outlook Forum put 2026 soybean plantings at 85 million acres.

- Date: 2026-02-20 · published 2026-02-20T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5503-oilseeds-soybeans-pick-up-bulls-bet-on-export-hopes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Export sales expectations and the USDA's projected 2026 soybean area point to a comfortable supply outlook, which caps upside. Strong export demand could still extend the rally in the near term.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-04-10 | [Soybeans rally on USDA report, exports](https://feedsoft.ai/events/65483-soybeans-rally-on-usda-report-exports.md) | -0.5% | -4.3% |
| SOY | 2019-02-22 | [China bulks up on U.S. soybeans](https://feedsoft.ai/events/60473-china-bulks-up-on-u-s-soybeans.md) | -1.5% | -0.1% |
| SOY | 2017-10-12 | [Soybeans surge on bullish WASDE updates \| Feedstuffs](https://feedsoft.ai/events/68417-soybeans-surge-on-bullish-wasde-updates-feedstuffs.md) | +2.0% | +2.4% |
| SOY | 2017-09-29 | [Soybeans edge higher on reports \| Feedstuffs](https://feedsoft.ai/events/68897-soybeans-edge-higher-on-reports-feedstuffs.md) | +0.9% | +1.2% |
| SOY | 2025-04-18 | [Corn exports up and China buys tariffed soybeans - High Plains Journal](https://feedsoft.ai/events/14673-corn-exports-up-and-china-buys-tariffed-soybeans-high-plains-journal.md) | +1.3% | +1.3% |
| SBM | 2017-10-12 | [Soybeans surge on bullish WASDE updates \| Feedstuffs](https://feedsoft.ai/events/68417-soybeans-surge-on-bullish-wasde-updates-feedstuffs.md) | +3.4% | +1.3% |
| SBM | 2022-01-19 | [Lower US Soybean Meal Export Projection](https://feedsoft.ai/events/43208-lower-us-soybean-meal-export-projection.md) | +0.2% | +10.8% |
| SBM | 2023-09-13 | [Tighter Global Oilseed Supplies Calls for Greater Operational Efficiencies - U.S. Soybean Export Council](https://feedsoft.ai/events/34138-tighter-global-oilseed-supplies-calls-for-greater-operational-efficiencies-u-s.md) | -3.1% | -7.7% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/newsticker-oilseeds-soybeans-pick-bulls-bet-export-hopes-2026-02-20

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.