Soybeans Slipping to Start Thursday Trade

Group 1 - Soybean prices are steady to down 1 ½ cents, with previous losses of 3 to 4 ½ cents at the close on Wednesday [1] - Open interest in soybean contracts decreased by 939 contracts on Wednesday [1] - The national average cash bean price fell by 5 cents to $9.87 1/4 [1] Group 2 - Weekly Export Sales data is expected to show soybean sales between 0.6-2 MMT, meal sales between 200,000-450,000 MT, and bean oil sales between 5,000-25,000 MT [2] - Managed money added 1,137 contracts to their net long position, totaling 215,428 contracts in soybean futures and options as of the week ending on 12/2 [3] - Brazilian soybean exports for December are estimated at 3.57 MMT, an increase of 0.24 MMT from the previous week's estimate [3] Group 3 - January 26 Soybeans closed at $10.58 1/4, down 4 1/2 cents, and are currently down 1 1/4 cents [3] - Nearby cash soybeans are priced at $9.87 1/4, down 5 cents [3] - March 26 Soybeans closed at $10.68 3/4, down 3 cents, and are currently down 3/4 cent [3] - May 26 Soybeans closed at $10.80, down 3 cents, and are currently down 1/2 cent [3]