Soybeans Post Gains, as NASS Confirms Record October Crush

Group 1 - Soybean prices increased by 1 to 4 cents across most contracts, with the national average cash bean price reported at $10.21 3/4, down 4 1/4 cents [1] - Private export sales included 136,000 MT of soybeans to China, 119,000 MT to unknown destinations, and 212,000 MT to unknown during the reporting period, along with 120,000 MT of soybean meal sold to Poland [1] - The September soybean crush totaled 204.93 million bushels, a 9.89% increase from the previous year, while October crush reached an all-time record of 237 million bushels, up 9.86% year-over-year [2] Group 2 - Bean oil stocks were reported at 1.781 billion lbs on October 31, reflecting an 11.89% increase from last year [2] - USDA is expected to release export sales data for the week ending November 13, with soybean sales anticipated between 0.6-1.4 MMT, soybean meal sales projected at 50,000 to 450,000 MT, and bean oil sales estimated at 5,000 to 25,000 MT [3] - Managed money net long positions increased by 15,760 contracts as of November 10, bringing the total to 194,443 contracts [3]