Market Summary - Soybean contracts increased by 3 to 7 ¼ cents in the front months, while some deferred contracts were steady to slightly lower [1] - The national average Cash Bean price rose by 4 cents to $9.70 1/2 [1] - Soymeal futures increased by 80 cents to $1.20, whereas Soy Oil futures decreased by 2 to 22 points [1] - A total of 47 deliveries were issued against soybeans overnight, including 7 for January bean oil [1] Export Activity - The USDA reported a private export sale of 334,000 MT of soybeans to China [2] - Chinese soybean imports in December reached 8.04 MMT, marking a 1.3% increase compared to the same month last year [3] Upcoming Data - NOPA data is expected to show a total of 224.8 million bushels of soybeans crushed in December [3] - Export Sales data will be released, with analysts predicting soybean sales between 0.8-1.8 MMT for the week ending on January 8 [3] - Soybean meal sales are anticipated to be between 150,000-400,000 MT, with bean oil sales projected at 0-26,000 MT [3] Price Information - January soybeans closed at $10.30 1/2, up 7 1/4 cents [4] - Nearby Cash soybeans were priced at $9.70 1/2, up 4 cents [4] - March soybeans closed at $10.42 1/2, up 3 3/4 cents, and May soybeans closed at $10.55, up 3 cents [4]

Core Insights - Soybean prices have shown slight increases, with futures up 1 to 4 cents across most contracts on Wednesday, while cash bean prices decreased by 4.25 cents to $10.21. [1] - The USDA reported significant private export sales of soybeans, totaling 136,000 MT to China and 119,000 MT to unknown destinations, indicating strong demand. [2] - The September soybean crush reached 204.93 million bushels, a 9.89% increase year-over-year, with October setting an all-time record at 237 million bushels, reflecting robust processing activity. [3] Market Data - Open interest in soybean futures decreased by 9,608 contracts on Wednesday, suggesting a reduction in market participation. [1] - The upcoming USDA Export Sales data is anticipated to show soybean sales between 0.6-1.4 MMT, with soybean meal sales expected in the range of 50,000 to 450,000 MT. [4] - Managed money net long positions increased by 15,760 contracts as of November 10, bringing the total to 194,443 contracts, indicating bullish sentiment among traders. [4] Production and Stock Updates - Brazil's soybean production forecast was adjusted to 177.12 MMT, a slight decrease of 0.48 MMT from the previous estimate. [5] - As of October 31, bean oil stocks were reported at 1.781 billion lbs, an increase of 11.89% from the previous year, indicating a growing supply. [3]

Early details of the US China trade dealNot signed yet thoughzerohedge (@zerohedge):*BESSENT: CHINA TO BUY AT LEAST 25M METRIC TONS OF SOY PER YEAR*BESSENT: CHINA 25M METRIC TONS PER YEAR FOR NEXT THREE YEARS*BESSENT: OTHER COUNTRIES WILL BUY 19 M METRIC TONES OF U.S. SOYBEANS*BESSENT: EXPECT TIKTOK DEAL TO GO FORWARD IN WEEKS, MONTHS*BESSENT: U.S. AGREED ...