Soybeans on the Lower Side of Unchanged to Kickoff Wednesday

Group 1 - Soybean futures experienced fractional gains, with November contracts seeing a reduction of 5,084 contracts in open interest [1] - The national average cash bean price increased by 1.25 cents to $9.36 3/4 [1] - Soymeal futures decreased by 40 cents to $3.80, while Soy Oil futures rose by 18 to 35 points [1] Group 2 - Crop Progress data indicated a 2% decline in condition ratings, now at 61% good/excellent [2] - The Brugler500 index fell by 4 points to 358, which is 4 points lower than the same week last year [2] - Some states showed improvement in crop conditions, while others, including Indiana and Iowa, experienced declines [2] Group 3 - Following the suspension of the Argentina export tax, China has reportedly purchased 10-15 cargoes of Argentine beans [3] - November 25 Soybeans closed at $10.12, with a slight increase of 1 cent, while nearby cash was $9.36 3/4, up 1.25 cents [3] - January and March 2026 Soybeans also saw minor increases, closing at $10.31 3/4 and $10.47 3/4 respectively [3]