Soybeans Holding onto Losses on Friday

Group 1 - Soybean contracts are trading lower, with prices down by 3 to 4 cents, and the national average cash bean price is at $9.78 1/4, down by 3 1/4 cents [1] - Soymeal futures decreased by 50 cents to $1.10, while Soy Oil futures fell by 31 to 33 points [1] - The USDA reported a private export sale of 134,000 MT of soybeans to China [1] Group 2 - Weekly export sales data indicates total sale commitments of 21.829 MMT (802 million bushels), which is 39.3% lower than the same period last year, primarily due to a decline in commitments to China [2] - Commitments to China are down by 14.14 MMT, with 13.4 MMT specifically attributed to China [2] - Sinograin, a Chinese state stockpiler, sold 179,702 MT in their auction, which is nearly one-third of the offered amount [2]