Soybeans Fall on Wednesday with Bean Oil Weakness

Group 1 - Soybeans experienced losses of 6 to 7 cents in the front months, with the national average cash bean price down 5.5 cents to $9.67 [1] - Soymeal futures decreased by 40 cents to $1.90 in the front months, while contracts increased by 10 cents to $1.60 [1] - Soy Oil futures reversed Tuesday's gains, with contracts down 108 to 145 points [1] Group 2 - Weekly Export Sales data is anticipated to show soybean business between 0.4 and 1.5 million metric tons (MMT) for 2025/26, with meal sales expected between 0 and 400,000 metric tons, and bean oil business projected between net reductions of 5,000 metric tons and sales of 41,000 metric tons [2] Group 3 - Statistics Canada estimates the canola crop at 20.03 MMT, a 4.1% increase from last year, while soybean production is estimated at 7.134 MMT, reflecting a 5.7% decrease from the previous year [3] - On November 25, soybeans closed at $10.43 3/4, down 6 cents, with nearby cash at $9.67, down 5.5 cents [3] - January 26 soybeans closed at $10.63, down 6 1/4 cents, and March 26 soybeans closed at $10.78, down 6 1/4 cents [3]