Speculative sentiment in the U.S. soybean market has turned sharply bullish, according to the latest Commitments of Traders data from the CFTC updated on 21 November 2025. Net speculative positions in soybeans have moved from a previously negative reading of -8.3K contracts to a positive 39.9K contracts.
This swing from net short to net long suggests a notable shift in market expectations, with speculative traders positioning for potentially higher soybean prices or improved fundamentals in the near term. The move into positive territory highlights renewed confidence in the U.S. soybean complex after a period of bearish positioning.
