Soybeans Continue Slide on Monday Despite Another Chinese Purchase

Market Overview - Soybeans closed with losses of 4 to 5 cents, with the national average Cash Bean price at $10.01, down 4.5 cents [1] - Soymeal futures increased by 70 cents to $1.10, while Soy Oil futures decreased by 30 to 70 cents [1] Export Data - Export Inspections data indicated soybean shipments of 795,661 MT, a decline of 22.4% from the previous week and 59.6% year-over-year [2] - China was the top destination for soybean exports, receiving 202,043 MT, followed by Germany with 136,515 MT and Vietnam with 80,425 MT [2] - Marketing year shipments totaled 13.702 MMT, reflecting a 46.3% decline year-over-year [2] Sales Reports - The Export Sales report showed 2.232 MMT in sales for the week ending November 20, with 2.14 MMT sold to China [3] - Known sales to China now total 4.2 MMT, while meal sales were recorded at 150,951 MT, on the lower end of estimates [3] Crushing and Stocks - NOPA data revealed that members crushed 216.04 million bushels in November, a 5.1% drop from October but 11.83% larger than last year [4] - Soybean oil stocks increased by 15.95% from the end of October to 1.513 billion lbs, which is 39.58% larger year-over-year [4] Trader Positions - CFTC's Commitment of Traders report indicated that managed money trimmed 15,336 contracts from their net long position in soybean futures and options, which stood at 214,289 contracts [5] - AgRural reported that the Brazilian soybean crop is 97% planted as of Thursday [5]