Soybeans Rebound on Thursday

Group 1 - Soybean contracts increased by 2 to 3.5 cents at the close, with the national average cash bean price rising to $10.49 3/4, up 3.75 cents [1] - The USDA reported 1.248 million metric tons (MMT) of soybeans sold in the week of October 30, which is 13.9% lower than the previous week and 48.7% lower than the same week last year [2] - China purchased 232,000 MT of soybeans during the same week, marking their first appearance in the market [2] Group 2 - Soybean meal sales were recorded at 219,830 MT, falling short of the trade estimate range of 200,000 to 450,000 MT [3] - Soybean oil bookings totaled 4,664 MT, which was below the estimated range of 5,000 to 25,000 MT [3] - Brazil exported 4.2 MMT of soybeans in November, a 37.62% decrease from the previous month but a 64.4% increase compared to the same month last year [4] Group 3 - ANEC estimates Brazil's December soybean exports at 2.81 MMT, which would represent a 1.34 MMT increase from last year if realized [4] - The closing prices for January, March, and May 2026 soybeans were $11.19 1/2, $11.28 3/4, and $11.37 1/4 respectively, with slight increases noted [4]