Soybeans Posting Midweek Weakness

Soybeans are trading with 5 to 6 ¼ cent losses at Wednesday’s midday. The cmdtyView national average Cash Bean price is down 5 1/4 cents at $9.67 1/4. Soymeal futures are down 80 cents to  20 cents higher so far at midday. Soy Oil futures are giving back the Tuesday gains, with contracts down 120 to 126 points.

Weekly Export Sales data will be released on Thursday morning, with traders looking for between 0.4 and 1.5 MMT in 2025/26 soybean business. Meal sales are seen between 0 and 400,000 MT, and bean oil business seen between net reductions of 5,000 MT and sales of 41,000 MT.

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Statistics Canada estimates the country’s canola crop at 20.03 MMT, which would be a 4.1% increase from last year if realized and is 0.1 MMT above the August estimate. Soybean production is estimated at 7.134 MMT, down 5.7% from a year ago.

Nov 25 Soybeans  are at $10.44, down 5 3/4 cents,

Nearby Cash  is at $9.67 1/4, down 5 1/4 cents,

Jan 26 Soybeans  are at $10.63 1/4, down 6 cents,

Mar 26 Soybeans  are at $10.78, down 6 1/4 cents,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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