Soybeans Falling on Tuesday, as Meal Adds Pressure

Market Overview - Soybeans are experiencing losses of 9 to 11 cents, with the national average cash bean price at $9.66 1/2, down 11 cents [1] - Soymeal futures are under pressure, decreasing by $36 to $6.80, while Soy Oil futures are up by 90 to 97 points [1] Export and Production Data - USDA reported a private export sale of 168,000 MT of soybeans to China and 152,404 MT to Mexico [1] - NASS soybean yield remains unchanged at 53 bushels per acre, with harvested acreage slightly higher at 80.4 million acres, leading to a production increase of 9 million bushels to 4.262 billion bushels [2] - December 1 soybean stocks are reported at 3.29 billion bushels, which is 190 million bushels larger compared to the previous year [2] Adjustments and Tariffs - WASDE data reflects a downward adjustment in exports by 60 million bushels to 1.575 billion bushels, while crush is adjusted up by 15 million bushels to 2.57 billion bushels, resulting in an increase of US ending stocks by 60 million bushels to 350 million bushels [3] - Brazilian soybean production has been raised by 3 million metric tons to 178 million metric tons [3] - President Trump has threatened a 25% tariff on countries doing business with Iran, raising concerns particularly regarding China, with no response from China reported yet [3] Auction Results - Sinograin sold 1.1 million metric tons of soybeans in their auction of Chinese state reserves [4] - Current soybean prices for January, March, and May 2026 contracts are reported as $10.23 3/4, $10.38 1/4, and $10.51 3/4 respectively, all showing declines [4]