Soybeans Trading with Slight Wednesday AM Gains

Group 1 - Soybean futures are experiencing slight fractional gains, with recent contracts down 1 to 3 cents and open interest increasing by 7,135 contracts [1] - The national average cash bean price decreased by 2.5 cents to $10.53 1/4, while soymeal futures fell by $2.00 to $3.10, and soy oil futures rose by 41 to 54 points [1] - Brazil's November soybean export total is estimated at 4.26 million metric tons, reflecting an increase of 0.49 million metric tons from previous estimates [3] Group 2 - A Reuters survey anticipates a drop in soybean yield by 0.4 bushels per acre to 53.1 bushels per acre, with total output expected to decrease by 35 million bushels to 4.266 billion bushels [2] - Recent soybean closing prices include $11.13 1/4 for November 25, down 2 3/4 cents, and $11.27 1/4 for January 26, also down 2 3/4 cents [3]