Soybeans Slipping Back on Thursday Morning

Group 1 - Soybean futures experienced a rally on Wednesday, closing 10 to 11 cents higher in the front months, while starting Thursday down 1 to 2 cents [1] - The cmdtyView national average Cash Bean price increased by 11.5 cents to $9.94 3/4 [1] - Soymeal futures rose by $3.70 to $6.80, whereas Soy Oil futures decreased by 8 to 18 points [1] Group 2 - The USDA has returned to a normal Export Sales release schedule, with expectations of 0.75-1.3 million metric tons (MMT) of 2025/26 soybeans sold for export in the week of January 1 [2] - Soybean meal bookings are estimated to be between 100,000 and 350,000 metric tons, while soybean oil sales are projected at 0-30,000 metric tons [2] Group 3 - Crop Production data is set to be released on Monday, with the final 2025 soybean yield estimate expected to be 52.7 bushels per acre (bpa) and production pegged at 4.23 billion bushels according to a Bloomberg survey [3] - January 26 Soybeans closed at $10.52 3/4, up 10 3/4 cents, while currently down 1 3/4 cents [3] - Nearby Cash was reported at $9.94 3/4, up 11 1/2 cents, with March and May 26 Soybeans also showing slight increases [3]