Soybeans Trading with Monday Weakness

Core Insights - Soybean prices are experiencing midday losses, with the national average cash bean price reported at $10.00 1/2, down 6 cents from previous levels [1] - The USDA reported a private export sale of 136,000 MT of soybeans to China, indicating ongoing demand from this key market [1] Export Data - Export inspections data revealed soybean shipments of 795,661 MT for the week ending December 11, marking a 22.4% decrease from the previous week and a 59.6% decline year-over-year [2] - China was the leading destination for soybean exports, receiving 202,043 MT, followed by Germany with 136,515 MT and Vietnam with 80,425 MT [2] - Cumulative marketing year shipments have reached 13.702 MMT, reflecting a 46.3% year-over-year decline [2] Sales Reports - The Export Sales report indicated total sales of 2.232 MMT for the week of November 20, with 2.14 MMT sold to China, contributing to a total of 4.2 MMT in known sales to China [3] - Meal sales were recorded at 150,951 MT, falling within the lower half of the estimated range of 100,000-450,000 MT, while soybean oil sales increased to 7,540 MT, also on the lower end of estimates [4] Crushing and Stocks - NOPA data showed that members crushed 216.04 million bushels of soybeans in November, a 5.1% decrease from October's record but still 11.83% higher than the previous year [5] - Soybean oil stocks rose by 15.95% from the end of October to 1.513 billion lbs, which is 39.58% larger year-over-year [5] Crop Status - AgRural reported that the Brazilian soybean crop is 97% planted as of Thursday, indicating progress in the planting season [5]