Soybeans Posting Monday AM Rally

Core Insights - Soybean futures are experiencing a rally, with prices increasing by 15 to 18.25 cents, and cash bean prices rising to $9.87 1/2, up 16.75 cents [1] - Export inspections indicate soybean shipments reached 980,518 MT, a 24.3% increase from the previous week but a 26.7% decrease year-over-year [2] - November crush data shows a total of 220.48 million bushels of soybeans crushed, down 6.7% from the previous month but up 4.98% year-over-year [4] Export Data - Soybean export sales for the week ending December 25 were reported at 1.178 MMT, exceeding the previous week and more than double the same week last year [3] - China was the leading destination for soybean shipments, receiving 397,069 MT, followed by Egypt with 182,553 MT and Taiwan with 74,996 MT [2] Market Projections - The USDA projects a full marketing year increase of 110 million bushels year-over-year for soybean crush, with first-quarter crush at 661.74 million bushels, up 49.5 million bushels from last year [4] - StoneX estimates the Brazilian soybean crop for 2025/26 at 177.6 MMT, reflecting a slight increase from previous estimates [5]