Soybeans Posting Tuesday Losses, as October Gaps Get Filled

Market Overview - Soybeans are experiencing significant losses, with contracts down 10 to 11 cents, indicating a reversal of the recent rally driven by China [1] - The national average Cash Bean price has decreased by 10 cents to $9.91 3/4 [1] - Soymeal futures have dropped by 50 cents to $1.20, while Soy Oil futures are down 124 to 126 points [1] Supply and Demand Dynamics - China's state stockpiler sold 323,000 MT of imported beans, with an additional auction for 550,000 MT scheduled [3] - EU soybean imports from July 1 to December 14 have reached 5.6 MMT, falling short of the 6.5 MMT recorded during the same period last year [3] Trading Activity - The CFTC's Commitment of Traders report indicates that managed money reduced their net long position in soybean futures and options by 15,336 contracts, bringing the total net long to 214,289 contracts [2]