Soybeans Coming out of Christmas with Weaker Trade

Group 1 - Soybean futures are experiencing a decline of 4 to 6 cents at midday following the Christmas holiday, while the national average Cash Bean price has increased by 5.75 cents to $9.86 [1] - Soymeal futures remain steady with most contracts unchanged within 50 cents, whereas Soy Oil futures have decreased by 37 points [1] - USDA reports indicate that export sale commitments for soybeans are at 25.778 million metric tons (MMT), representing a 33% decrease compared to the same period last year as of December 11, which is 58% of USDA's export projection and below the 79% average pace [2] Group 2 - January 26 Soybeans are priced at $10.57 1/2, down 5.75 cents, while Nearby Cash is at $9.86, also down 5.75 cents [2] - March 26 Soybeans are at $10.71, down 5.5 cents, and May 26 Soybeans are at $10.82 3/4, down 4.75 cents [2]