Market Overview - Soybeans are experiencing fractional gains across most contracts, with futures posting losses of 11 to 15 cents on Friday, and January contracts down 32 cents for the week [1] - The national average Cash Bean price decreased by 14 1/4 cents to $10.34 1/2 [1] - Soymeal futures declined by $3.50 to $4.20, with a weekly loss of $11.30 for January contracts [1] - Soy Oil futures remained steady to 17 points lower, with January down 36 points [1] Commitment of Traders Data - Managed money increased their net long position by 83,160 contracts to a total of 118,489 contracts around the time of the Trump/Xi meeting [2] - Commercials added 96,154 contracts to their net short position, bringing it to 245,133 contracts, marking the largest net short since May 2022 [2] Export Sales and Projections - USDA Export Sales reports for the week ending on November 6 are expected to show soybean bookings between 0.45-1.6 MMT, with known sales including 132,000 MT to China and 117,000 MT to unknown destinations [3] - Soybean meal sales are projected at 50,000 to 400,000 MT, while bean oil sales are estimated at 5,000 to 25,000 MT [3] WASDE Data and Import Trends - The upcoming WASDE data update is anticipated to show US soybean ending stocks at 306 mbu, an increase of 16 mbu from the previous month [4] - China imported 8.11 MMT of soybeans in November, reflecting a 14.5% decrease from October [4] - Argentina's soybean planting is estimated at 45%, slightly below last year's pace, while Brazil's soybean crop is 94% planted, trailing last year's 95% [4]