Soybeans Back to Higher Trade on Thursday

Market Overview - Soybeans are currently trading 3 to 5 ½ cents higher, recovering from a previous decline of 9 to 10 cents in the front months [1] - The national average Cash Bean price decreased by 8 3/4 cents to $10.45, while soymeal futures fell by 20 cents to $1.70 [1] - Soy Oil futures experienced a decline of 89 to 101 points [1] Export and Purchase Commitments - Treasury Secretary Bessent indicated that China is on track to fulfill its soybean purchase commitments, with known purchases reported at just over 2.25 million metric tons (MMT) out of a total commitment of 12 MMT, expected to be completed by the end of February [2] - The USDA is expected to report soybean bookings between 0.6-2 MMT for the week of October 30, with initial Chinese purchases of 100,000 MT anticipated [3] Futures Market Activity - January 26 Soybeans closed at $11.15 3/4, down 9 cents, while March 26 Soybeans closed at $11.25 1/2, down 9 1/2 cents [4] - May 26 Soybeans closed at $11.34 3/4, down 10 cents, with current trading showing slight increases of 5 1/2 cents for January and 5 cents for March [4]