Group 1 - Soybean futures are experiencing losses of 12 to 16 cents across most contracts, following gains of 16 to 21 cents on the previous day [1] - Open interest increased by 9,867 contracts, indicating new buying activity [1] - Export inspections reported 965,063 MT of soybeans shipped in the week ending October 30, a decrease of 16.8% from the previous week and 58.3% year-over-year [1] Group 2 - The estimated US soybean yield is 53.6 bpa, reflecting a reduction of 0.3 bpa from the previous month [2] - The total marketing year shipments of soybeans have reached 7.78 MMT, representing a 40% decline year-over-year [1] - Nearby cash soybean prices increased by 21 cents to $10.56 1/4, while futures for November, January, and March also showed slight increases before current declines [2]

Market Overview - Soybeans are experiencing losses of 3 to 4 cents, with the national average cash bean price at $9.35 3/4, down 3 1/4 cents [1] - Soymeal futures are up by 80 cents to $1.80 per ton, while soy oil futures have decreased by 45 points due to losses in the crude oil market [1] Export Data - USDA reported soybean export shipments at 593,956 MT (21.82 million bushels) for the week ending September 25, which is 5% higher than the same week last year but down 13.1% from the previous week [2] - Germany was the leading destination for exports at 128,961 MT, followed by Turkey at 72,076 MT, with China not appearing in the report [2] - Cumulative exports for the marketing year 2025/26 have reached 2.246 MMT (82.53 million bushels) since September 1, marking a 16.4% increase compared to the same period last year and the highest in the last five years [2] Speculative Positions - Weekly CFTC data indicates that speculative funds in soybean futures and options have reverted to a net short position of 29,302 contracts, a shift of 31,589 contracts to the short side during the week [3] - Commercials reduced their net short position by 27,234 contracts to 92,440 contracts, while managed money held a net short position of 898 contracts in soybean oil futures and options, with a net short in soybean meal increasing to 103,269 contracts [3] Stock Estimates - Analysts anticipate that the NASS will report September 1 soybean stocks at 325 million bushels, with estimates ranging from 295 to 366 million bushels [4] - As of Thursday, AgRural estimates that 3.2% of the Brazilian soybean crop has been planted, compared to 2% during the same week last year [4] Price Movements - November 25 soybeans are priced at $10.10 3/4, down 3 cents; nearby cash is at $9.35 3/4, down 3 1/4 cents; January 26 soybeans are at $10.29 3/4, down 3 1/4 cents; March 26 soybeans are at $10.46, down 3 cents [4]