Soybeans Getting an Early Turnaround Tuesday Bounce

Group 1: Soybean Market Overview - Soybean futures are experiencing gains of 4 to 7 cents, with November futures up 12.5 cents [1] - Previous trading saw futures down by 60 to 70 cents, with expanded limits of $1.05 set for the current trading day [1] - The national average cash bean price decreased by 70.5 cents to $10.80.75 [1] Group 2: Export and Demand Insights - USDA reported soybean export shipments at 966,082 MT (34.5 million bushels) for the week ending March 12, an increase of 8.9% from the previous week and 45.4% from the same week last year [3] - China was the leading destination for exports, receiving 545,858 MT, followed by Egypt and Mexico [3] - Marketing year exports for 2025/26 are at 28.06 MMT (1.031 billion bushels), which is 28.3% lower than the same period last year [3] Group 3: Crushing and Stock Data - NOPA reported a record soybean crush of 208.785 million bushels in February, up 10.57% year-over-year but down 1.52% from January [4] - Daily crush reached a record of 7.46 million bushels, the highest for any month in NOPA's history [4] - Soybean oil stocks increased to 2.08 billion lbs, marking a 38.37% year-over-year rise and a monthly increase of 9.49% [4] Group 4: International Harvest and Production - Brazil's soybean harvest is reported to be 61% complete, lagging behind last year's pace of 70% [4]