Speculative traders have sharply increased their bullish exposure to U.S. soybeans, with net positions climbing from 64.2K to 146.3K contracts, according to the latest data from the Commodity Futures Trading Commission (CFTC) updated on 13 February 2026.
The jump in net long positions suggests a notable shift in sentiment among money managers and other speculative participants toward a more optimistic view on soybean prices. The more-than-twofold increase in net longs indicates that market players are positioning for potential strength in the U.S. soybean market, whether driven by demand expectations, supply concerns, or broader commodity market dynamics.
While the underlying drivers are not detailed in the CFTC figures themselves, the size of the move in speculative positioning underscores growing conviction that price risks may be tilted to the upside in the near term. Market participants will be watching future CFTC reports closely to see whether this bullish stance builds further or begins to unwind in the coming weeks.
