Soybeans Showing Modest Gains Early on Wednesday

Group 1: Soybean Market Overview - Soybeans are trading 2 to 3 cents higher on Wednesday morning, with futures rebounding on Tuesday, up 2 to 4 ¼ cents at the close [1] - The national average Cash Bean price increased by 4 1/4 cents to $9.44 1/4 [1] - November soybeans have averaged $10.19 through the first five trading days in October, which is significant for crop insurance harvest price discovery [1] Group 2: Soymeal and Soy Oil Futures - Soymeal futures showed mixed results, with nearby October up a dime while other contracts fell by 20 to 80 cents [1] - Soy Oil futures increased by 38 to 74 points, with 25 deliveries reported for October bean oil overnight [1] Group 3: EU Soybean Imports - The European Commission reported that 2025/26 EU soybean imports totaled 3.28 MMT from July 1 to October 5, down from 3.41 MMT in the same period last year [4] - Meal imports for the same timeframe reached 4.77 MMT, slightly lower than the 4.8 MMT recorded last year [4] Group 4: USDA Crop Production Report - The USDA Crop Production report scheduled for Thursday was canceled due to the government shutdown, with a Reuters survey estimating yield at 53.2 bpa, down 0.3 bpa from September [3] - Production is projected to decrease by 30 million bushels to 4.271 billion bushels [3]