Soybeans Close the Week on a Bounce

Group 1 - Soybeans showed strength at the end of the week, with contracts increasing by 8 to 10 cents, and January contracts up 1 ¾ cents despite volatility [1] - The total deliveries for soybeans reached 1,506 for the month after 36 additional deliveries were issued overnight [1] - The national average Cash Bean price decreased by 9 3/4 cents to $10.43 ¾, while soymeal futures rose by $1 to $4.40 in the front months [1] Group 2 - The EPA granted full exemptions to 2 refineries and 12 partial exemptions, addressing the backlog of small refinery exception requests [2] Group 3 - China reinstated eligibility for 3 US soybean export firms, with October soybean imports at 9.48 MMT, a decrease from 12.87 MMT in September [3] - The Argentine soybean crop is currently estimated to be 4.4% planted, down 4 percentage points from the previous year [3] - As of November 25, soybeans closed at $11.01 3/4, with various contract prices showing slight increases, while new crop cash decreased by 9 1/2 cents to $9.25 1/1 [3]