Soybeans are down 2 to 6 cents so far on Monday morning. Futures were down 3 to 4 cents in the front months, as March was up 4 ½ cents last week. Open interest was down 36,192 contracts in March on Friday, with the rest up 18,174 contracts. The cmdtyView national average Cash Bean price was up 7 1/2 cents at $10.76 1/2. Soymeal futures were up $5 to $5.30 in the front months, with March up  60 cents last week. Soy Oil futures were down 70 to 75 points with March up 184 points last week. We are closing in o ...

Group 1 - Soybean contracts increased by 2 to 3.5 cents at the close, with the national average cash bean price rising to $10.49 3/4, up 3.75 cents [1] - The USDA reported 1.248 million metric tons (MMT) of soybeans sold in the week of October 30, which is 13.9% lower than the previous week and 48.7% lower than the same week last year [2] - China purchased 232,000 MT of soybeans during the same week, marking their first appearance in the market [2] Group 2 - Soybean meal sales were recorded at 219,830 MT, falling short of the trade estimate range of 200,000 to 450,000 MT [3] - Soybean oil bookings totaled 4,664 MT, which was below the estimated range of 5,000 to 25,000 MT [3] - Brazil exported 4.2 MMT of soybeans in November, a 37.62% decrease from the previous month but a 64.4% increase compared to the same month last year [4] Group 3 - ANEC estimates Brazil's December soybean exports at 2.81 MMT, which would represent a 1.34 MMT increase from last year if realized [4] - The closing prices for January, March, and May 2026 soybeans were $11.19 1/2, $11.28 3/4, and $11.37 1/4 respectively, with slight increases noted [4]

Market Overview - Soybeans are experiencing gains of 3 to 5 cents in the front months, with futures having posted gains of 7 to 9 cents across most contracts on Friday, resulting in a weekly gain of 55 cents for November [1] - Total open interest increased by 6,882 contracts on Friday, indicating new buying activity [1] - The national average Cash Bean price rose by 6 1/4 cents to $10.33 1/2 [1] Soybean Futures - Soymeal futures increased by $4.50 to $6.10, with December futures rallying $27.50 for the week [1] - Soy Oil futures decreased by 68 to 97 points, with December falling 159 points since last Friday [1] Crop Insurance and Pricing - November soybeans averaged a close of $10.35 throughout October, which is expected to be the harvest price for Crop Insurance, up 32 cents from last year but down 19 cents from the spring price [2] International Trade - China purchased an additional 4 cargoes of soybeans following the recent US/China meeting, with market attention on whether China will be a destination in the upcoming Export Inspections report [3] Biodiesel Production - EIA data indicated that 1.041 billion lbs of soybean oil were used in biodiesel production in August, down 14.48% year-over-year and 6.09% below July, representing 39.15% of total biodiesel feedstock, the highest inclusion rate since September 2023 [4] Brazilian Soybean Crop - AgRural estimates that the Brazilian soybean crop is 47% planted as of Thursday, trailing behind last year's pace of 54% [4]