Soybeans Bouncing Higher to Start Turnaround Tuesday

Group 1 - Soybeans are experiencing gains of 2 to 3 cents in morning trading, following losses of 5 to 6 cents in the previous session, indicating fluctuating market conditions [1] - The national average Cash Bean price decreased by 5.5 cents to $9.92 1/4, while Soymeal futures fell between $2.00 and $5.60, and Soy Oil futures remained steady or slightly lower [1] - Export Inspections data revealed soybean shipments of 1.324 MMT (48.7 million bushels) for the week ending January 22, down 1.54% from the previous week but up 79.45% year-over-year [2] Group 2 - Marketing year soybean sales reached 33.035 MMT, which is 22% lower than the same week last year, contrasting with USDA's forecast of a 15% decline [3] - Brazil's soybean crop is reported to be 4.9% harvested, ahead of last year's 2.9% pace, with the crop estimate increased by 0.6 MMT to 181 MMT [3] - As of the latest trading data, March 26 Soybeans closed at $10.61 3/4, down 6 cents, while nearby cash prices were at $9.92 1/4, down 5.5 cents [3]