Soybeans Showing Fractional Gains on Tuesday Morning

Group 1: Soybean Market Overview - Soybean futures experienced fractional gains on Tuesday morning after closing with losses of 4 to 5 cents on Monday, indicating a market reaction to Chinese purchases [1] - The national average cash bean price decreased by 4.5 cents to $10.01, while soymeal futures increased by 70 cents to $1.10, and soy oil futures fell by 30 to 70 cents [1] Group 2: Export Data - Export inspections reported soybean shipments at 795,661 MT (29.24 million bushels) 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] - Total marketing year shipments reached 13.702 MMT (503.47 million bushels), reflecting a 46.3% year-over-year decline [2] Group 3: Crushing and Stock Data - NOPA data indicated that members crushed 216.04 million bushels of soybeans in November, a 5.1% decrease from October's record but 11.83% higher than the previous year, setting a record for November [4] - Soybean oil stocks increased by 15.95% from the end of October to 1.513 billion lbs, which is also 39.58% larger year-over-year [4] Group 4: Trader Positions and Auctions - The CFTC's Commitment of Traders report showed that managed money reduced their net long positions in soybean futures and options by 15,336 contracts, bringing the total net long to 214,289 contracts [5] - China's state stockpiler sold 323,000 MT of imported beans and has scheduled another auction for 550,000 MT [5]