Soybeans Posting Monday AM Gains

Market Overview - Soybeans are experiencing gains of 5 to 6 ½ cents across most front months on Monday morning, following a decline on Friday where most front months were down 2 to 3 cents [1] - January soybeans closed the previous week down 27 ½ cents, with open interest decreasing by 7,435 contracts on Friday [1] - The national average Cash Bean price decreased by 2 3/4 cents to $9.78 1/2 [1] Futures Performance - Soymeal futures fell by 80 cents to $1.50, with January down $4.90 last week [1] - Soy Oil futures decreased by 2 to 21 points, with January down 217 points week-over-week [1] Export Sales Expectations - Analysts anticipate Export Sales data for the week of December 4 to show soybean sales between 0.8-2 million metric tons (MMT) [2] - Meal sales are estimated to be in the range of 200,000-500,000 metric tons, while bean oil sales are expected to be between 5,000-25,000 metric tons [2] Commitment of Traders Data - Managed money reduced their net long positions in soybean futures and options by 35,088 contracts as of the week ending December 9, resulting in a net long position of 180,338 contracts [3] Brazilian Soybean Crop Estimates - AgRural has revised the Brazilian soybean crop estimate to 180.4 MMT, an increase of 1.9 MMT from the previous estimate [3] China's Soybean Imports - In November, China's soybean imports totaled 5.85 MMT from Brazil and 1.78 MMT from Argentina, with these two countries accounting for 93.9% of the total imports for the month [3]