Soybeans Easing Back on Thursday

Group 1 - Soybeans are experiencing losses of 3 to 6 cents, with the national average cash bean price at $9.88 ¼, down 5 ½ cents [1] - A private export sale of 132,000 MT of soybeans to China was reported by the USDA [1] - The USDA reported 877,914 MT of soybeans sold in the week ending January 1, which is a 7-week low but higher than the same week last year [2] Group 2 - October soybean exports were recorded at 5.264 MMT, down 43.05% from the previous year, marking the lowest level since 2008/09 [3] - Soybean meal exports increased by 5.7% from the previous month, reaching a record 1.393 MMT for October [3] - The upcoming Crop Production data is expected to show a final 2025 soybean yield estimate of 52.7 bpa, with production pegged at 4.23 bbu according to a Bloomberg survey [3]