Soybeans Posting Tuesday Gains

Market Overview - Soybean futures are experiencing a slight increase, with prices up by 1 to 2 cents at midday, while the national average cash bean price has risen by 1.5 cents to $10.52 3/4 [1] - Soymeal futures have increased by $2.80 to $3, whereas Soy Oil futures have decreased by 8 to 9 points [1] Export Sales Data - The USDA released delayed Export Sales data, reporting soybean sales at 785,003 MT, which is on the lower end of the trade estimates of 0.5-1.4 MMT for the week of October 9, marking a 3-week low and a 53.9% decrease compared to the same week last year [2] - China has not made any purchases during this period, contributing to the lower sales figures [2] - Meal sales were reported at 358,406 MT, exceeding the estimates of 150,000-400,000 MT, while bean oil sales were below estimates at 1,924 MT against expectations of 5,000-30,000 MT [2] Futures Prices - As of January 26, soybean prices are as follows: Jan 26 at $11.24 3/4 (up 1.5 cents), Nearby Cash at $10.52 3/4 (up 1.5 cents), Mar 26 at $11.34 1/4 (up 2.25 cents), and May 26 at $11.44 (up 2 cents) [3]