Soybeans are trading with 3 to 5 ½ cent higher trade so far on Thursday morning. Futures fell back by 9 to 10 cents in the front months on Wednesday. Open interest was up 7,026 contracts on Wednesday, mainly in the March. The cmdtyView national average Cash Bean price was 8 3/4 cents lower at $10.45. Soymeal futures were down 20 cents to $1.70, with Soy Oil futures 89 to 101 points lower. There were no new deliveries issued against December soybean meal overnight, with 95 for December bean oil. Early on W ...

Market Dynamics - Australia is poised to resume canola shipments to China after a five-year hiatus [1]

Canadian Prime Minister Mark Carney said immediate action to reduce Chinese tariffs on Canadian goods such as canola was never a realistic outcome for his Friday meeting with Chinese President Xi Jinping https://t.co/WnpEilUtO6 ...

Group 1 - Soybeans experienced losses of 6 to 7 cents in the front months, with the national average cash bean price down 5.5 cents to $9.67 [1] - Soymeal futures decreased by 40 cents to $1.90 in the front months, while contracts increased by 10 cents to $1.60 [1] - Soy Oil futures reversed Tuesday's gains, with contracts down 108 to 145 points [1] Group 2 - Weekly Export Sales data is anticipated to show soybean business between 0.4 and 1.5 million metric tons (MMT) for 2025/26, with meal sales expected between 0 and 400,000 metric tons, and bean oil business projected between net reductions of 5,000 metric tons and sales of 41,000 metric tons [2] Group 3 - Statistics Canada estimates the canola crop at 20.03 MMT, a 4.1% increase from last year, while soybean production is estimated at 7.134 MMT, reflecting a 5.7% decrease from the previous year [3] - On November 25, soybeans closed at $10.43 3/4, down 6 cents, with nearby cash at $9.67, down 5.5 cents [3] - January 26 soybeans closed at $10.63, down 6 1/4 cents, and March 26 soybeans closed at $10.78, down 6 1/4 cents [3]

Market Overview - Soybeans are experiencing losses of 5 to 6 ¼ cents at midday, with the national average cash bean price at $9.67 1/4, down 5 1/4 cents [1] - Soymeal futures are showing a mixed trend, down 80 cents to 20 cents higher, while soy oil futures are declining, giving back Tuesday's gains with contracts down 120 to 126 points [1] Export Sales Expectations - Weekly export sales data is anticipated to be released, with expectations for soybean sales ranging between 0.4 and 1.5 million metric tons (MMT) for the 2025/26 season [2] - Meal sales are projected to be between 0 and 400,000 metric tons, while bean oil business is expected to show net reductions of 5,000 metric tons to sales of 41,000 metric tons [2] Crop Production Estimates - Statistics Canada estimates the canola crop at 20.03 MMT, indicating a 4.1% increase from the previous year, and 0.1 MMT above the August estimate [3] - Soybean production is estimated at 7.134 MMT, reflecting a decrease of 5.7% from the previous year [3]

Group 1 - Soybean prices have decreased by 3 to 4 cents across most contracts, with the national average cash bean price at $9.52 1/4, down 3 1/2 cents [1][3] - Soymeal futures have increased by $4.50 to $6.00 in the front months, while soy oil futures have decreased by 48 to 80 points [1] - The USDA's NASS reported that 97% of the US soybean crop has set pods, with 21% of the crop dropping leaves, which is 1% behind the normal pace [2] Group 2 - Condition ratings for soybeans have declined by 1% to 64% good/excellent, with the Brugler500 index dropping 1 point to 365 [2] - Specific state conditions showed Missouri down 9 points, Iowa down 2, South Dakota down 8, and Ohio down 22 points, while Nebraska improved by 5 points and Illinois by 3 points [2] - Canadian canola stocks at the end of July were reported at 1.597 million metric tons, a decrease of 50.5% from the previous year [3]

China has booked at least three shipments of Australian canola, potentially ending a years-long freeze as the Asian nation seeks to diversify its sources following a trade fallout with Canada https://t.co/PdfjK53mdS ...

Market Trends - Rapeseed meal prices in China experienced the largest increase in two years [1] - The price surge is attributed to supply concerns [1] Trade Policy Impact - China decided to impose levies on canola imports from Canada [1] - Canada is a top grower of canola [1]

Market Trends - Canola futures prices increased [1] Trade & Policy - The Canadian government eliminated a digital tax to facilitate trade deal negotiations with the US [1]