Soybeans Slip Lower on Midweek Trade

Group 1 - Soybeans experienced slight weakness in trading, with contracts down by 0.25 to 1.25 cents [1] - The national average Cash Bean price decreased by 1.75 cents, settling at $10.97 3/4 [1] - Soymeal futures fell by $2.20 to $4.80, while Soy Oil futures increased by 20 to 82 points in the front months [1] Group 2 - The USDA's weekly Export Sales report is anticipated to show soybean sales between 0.3 to 1 million metric tons (MMT) for the week of February 26 [2] - New crop business is projected to be between 0 to 100,000 metric tons for the same week [2] - Soybean meal sales are expected to range from 200,000 to 550,000 metric tons, with bean oil showing net reductions of 20,000 metric tons to net sales of 26,000 metric tons [2] Group 3 - Statistics Canada is set to release planting intentions data for 2026, with analysts predicting an increase to 22.3 million acres of canola from 21.5 million acres in 2025 [3] - As of March 26, soybeans closed at $11.54 1/2, down 1.25 cents, with nearby cash at $10.96 3/4, down 1.75 cents [3] - May 26 soybeans closed at $11.69 1/2, down 1 cent, and July 26 soybeans closed at $11.83, down 0.25 cents [3]