Soybeans Weaker at Monday’s Midday

Group 1: Soybean Market Overview - Soybeans are experiencing losses of 5 to 7 cents across most contracts, with the national average cash bean price at $10.60, down 4.5 cents [1] - Soymeal futures have decreased by $3.00 to $3.50, while soy oil futures have increased by 23 to 35 points [1] Group 2: Export Data - USDA reported soybean export shipments at 920,194 MT (33.81 million bushels) for the week ending November 27, which is 56.4% lower than the same week in 2024 but up 13.8% from the previous week [2] - No shipments were made to China, with Italy being the top destination at 201,766 MT, followed by Egypt at 126,925 MT and Mexico at 83,620 MT [2] - Cumulative exports for the marketing year 2025/26 are at 11.87 MMT (436.27 million bushels), down 45.6% compared to the same period last year [2] Group 3: Sales and Crop Estimates - For the week ending October 23, soybean sales were reported at 1.45 MMT, which is 30.8% higher than the previous week but still 37.1% lower than last year [3] - Soybean meal sales reached 640,021 MT for the week of October 23, exceeding trade expectations, while bean oil sales were at 29,820 MT, also surpassing estimates [4] - AgRural estimates that the Brazilian soybean crop is 89% planted as of Thursday, compared to 91% during the same period last year [4] - StoneX has revised the Brazilian soybean crop estimate to 177.2 MMT, a decrease of 1.7 MMT from their previous forecast [4]