Soybeans Turn Higher on Tuesday

Market Overview - Soybeans experienced a rebound on Tuesday, with contracts increasing by 2 to 4 ¼ cents at the close. The national average Cash Bean price rose by 4 ¼ cents to $9.44 ¼ [1] - Soymeal futures showed mixed results, with nearby October contracts up by $0.10, while other contracts decreased by $0.20 to $0.80. Soy Oil futures increased by 38 to 74 points [1] - November soybeans have averaged $10.19 through the first five trading days of October, which will be used for crop insurance harvest price discovery [1] Production and Import Data - The USDA Crop Production report will not be released this week due to the government shutdown. A Reuters survey estimates soybean yield at 53.2 bushels per acre (bpa), down 0.3 bpa from September, with production reduced by 30 million bushels to 4.271 billion bushels [3] - The European Commission reported that EU soybean imports for the 2025/26 period totaled 3.28 million metric tons (MMT) from July 1 to October 5, which is lower than the 3.41 MMT during the same period last year. Meal imports reached 4.77 MMT, also behind last year's 4.8 MMT [3] Closing Prices - On November 25, soybeans closed at $10.22, up 4 ¼ cents. Nearby Cash was $9.44 ¼, also up 4 ¼ cents. January 2026 soybeans closed at $10.39, up 3 ¼ cents, and March 2026 soybeans closed at $10.53, up 2 cents [4]