Soybeans Bouncing Off Midweek Lows

Group 1 - Soybean futures are trading down 1 to 2 1/2 cents, with the national average Cash Bean price at $9.89 1/4, a decrease of 2 ¾ cents [1] - Soymeal futures have decreased by $3.30, while Soy Oil futures remain steady at midday [1] - The USDA reported private export sales of 198,000 MT of soybeans to China and 125,000 MT to unknown destinations [1] Group 2 - ANEC estimates Brazilian soybean exports for December at 3.57 MMT, reflecting a 0.24 MMT increase from the previous week's estimate [2] - January 26 Soybeans are priced at $10.60 1/4, down 2 1/2 cents, while nearby Cash is at $9.89 1/4, down 2 3/4 cents [2] - March 26 Soybeans are at $10.70 1/2, down 1 1/4 cents, and May 26 Soybeans are at $10.81 3/4, also down 1 1/4 cents [2]