Soybeans Head into Holiday with Gains

Market Overview - Soybean prices increased by 5 to 7 cents across front months, with the national average cash bean price rising to $10.59 3/4, up 6 3/4 cents [1] - Soymeal futures showed mixed results, while Soy Oil futures rose by 32 to 57 points [1] - The market will be closed on Thursday for Thanksgiving, reopening on Friday with an early close [1] China Purchases and Export Dynamics - China purchased an additional 10-15 cargoes of US soybeans for January shipment [2] - USDA's flash sale announcements were quiet, lacking official confirmation of sales [2] - China barred a shipment of Brazilian soybeans due to pesticide contamination, leading to the suspension of exports from five exporters [2] Export Sales Data - USDA's Export Sales data for the week ending October 16 is expected to show soybean sales between 0.6 and 2 million metric tons [3] - Daily flash sale announcements for that week totaled 373,400 metric tons, all to Mexico [3] - January 26 Soybeans closed at $11.31 1/2, up 6 3/4 cents, with nearby cash at $10.59 3/4, also up 6 3/4 cents [3]