Soybeans Facing New Years Eve Pressure

Market Overview - Soybean prices are experiencing a decline of 11 to 12 cents in the nearby contracts during the New Year's Eve session, with January beans seeing 1,062 deliveries issued on First Notice Day (FND) [1] - The national average cash bean price has decreased by 12 cents to $9.67, while soymeal futures remained steady to $2.10 per ton lower, and soy oil futures increased by 7 to 15 points [1] USDA Weekly Update - The USDA reported a weekly update for the week ending December 18, indicating that 1.056 million metric tons (MMT) of soybeans were sold, which fell short of trade expectations of 1.4 to 2.4 MMT [2] - This figure represents a decrease of 55.94% from the previous week but an increase of 7.9% compared to the same week last year [2] Sales Data - Meal sales were recorded at 299,131 metric tons, which is on the lower end of estimates ranging from 200,000 to 500,000 metric tons [3] - Soy oil sales reached 49,197 metric tons for the 2025/26 period, exceeding estimates of 0 to 24,000 metric tons, with net reductions of 23,500 metric tons for the 2026/27 period [3] Price Information - January 26 soybeans are priced at $10.34 1/2, down 11 3/4 cents, while nearby cash is at $9.67, down 12 cents [3] - March 26 soybeans are at $10.50 1/2, down 11 3/4 cents, and May 26 soybeans are at $10.63 1/2, down 11 cents [3]