Market Overview - Soybean prices experienced fluctuations, closing 2 to 3 cents higher, with March contracts up 51 cents for the week [1] - The national average Cash Bean price increased by 1.75 cents to $10.49 ¾ [1] - Soymeal futures remained steady, with March up $10 this week, while Soy Oil futures decreased by 32 to 33 points [1] Export Data - USDA's Export Sales data reported soybean export commitments at 34.29 million metric tons (MMT), a 20% decrease from the same period last year, representing 80% of USDA's export projection [2] Stock Reports - Monthly WASDE data is expected to show US soybean stocks at 348 million bushels (mbu), compared to the January estimate of 380 mbu [3] - Canadian canola stocks are estimated at 15.62 MMT, an 18.1% increase from the previous year, while actual soybean stocks are reported at 3.24 MMT, down 26.6% year-over-year [4] Futures Market Activity - Commitment of Traders data indicated an increase of 11,511 contracts in the managed money soybean futures and options net long position, bringing the total to 28,832 contracts [3]

Core Insights - Soybean prices are experiencing a decline from intraday highs, with the national average cash bean price slightly increasing to $10.47 1/2 [1] - USDA's export sales data indicates soybean export commitments at 34.29 million metric tons (MMT), reflecting a 20% decrease compared to the same period last year [2] - Monthly WASDE data is expected to show no significant changes in US soybean stocks, estimated at 348 million bushels (mbu), down from 380 mbu in January [3] Price Movements - Soybean futures for March 26 are priced at $11.13 1/2, showing a slight increase of 1 1/4 cents, while nearby cash is at $10.47 1/2, up by 1/2 cent [3] - May 26 soybean futures are at $11.26 3/4, up by 3/4 cent, and July 26 futures remain unchanged at $11.37 1/4 [3] Stock Data - Actual soybean stocks are reported at 3.24 MMT, which is a decrease of 26.6% from the previous year [3] - Canadian canola stocks are projected at 15.62 MMT by December 31, marking an 18.1% increase from the same period last year [3]

Market Overview - Soybean futures are trading slightly lower, with contracts down by 2 cents to 3 cents across the front months, closing at $10.11 1/2 [1][4] - The national average cash bean price decreased by 2 ¼ cents to $9.53 1/4 [1] Crop Progress - As of Sunday, 21% of the US soybean crop has dropped leaves, which is 1% behind the normal pace [2] - Progress in the western states is lagging, with Nebraska 19% behind the 5-year average and North Dakota 18% behind [2] - Overall condition ratings for soybeans decreased by 1% to 64% good/excellent, with the Brugler500 index dropping 1 point to 365 [2] Production Estimates - The upcoming monthly Crop Production report is expected to show a yield drop of 0.3 bushels per acre (bpa) to an average of 53.3 bpa, with production estimated at 4.271 billion bushels (bbu), a reduction of 21 million bushels (mbu) if realized [3] - Brazilian soybean exports are estimated at 7.43 million metric tons (MMT), an increase of 0.68 MMT from the previous week's estimate [3] Delivery Reports - There were 15 soybean deliveries reported overnight, with an additional 8 September soybean meal deliveries and 87 for bean oil [1]