The soybean market posted a mixed Thursday close, as contracts were down 1 ¾ to ½ cent higher. CmdtyView’s national front month Cash Bean price was steady at $9.46 1/2. Soymeal futures were down $1.1 to $1.60/ton on the day. Soy Oil futures were back up 21 to 31 points on the session. 

The USDA reported a private export sale of 334,000 MT of soybeans to unknown destinations for 2024/25 shipment this morning. 

Export Sales data showed soybean sales tallied at 1.17 MMT in the week that ended on 12/5, below the 1.5 and 2.2 MMT range expected for 2024/25 bookings. That was down nearly half from last week but up 17.5% from last week. China was the largest buyer of 705,000 MT, with 245,800 MT sold to Spain.

Meal bookings were reported at 176,324 MT, sneaking into the 175,000 to 450,000 MT expected range in that week. That was the second lowest total this marketing year. Bean oil sales totaled 63,846 MT, which was in the middle of the 5,000 to 100,000 MT expectations and the second highest this MY.

NOPA data will be updated on Monday, with the trade looking for 196.713 mbu of soybeans crushed during November. Stocks are estimated at 1.123 billion lbs.

After USDA left the Brazilian number at 169 MMT on Tuesday, CONAB released their monthly update this morning, showed a slight 0.07 MMT increase to soybean production at 166.21 MMT. Abiove also released updated estimates, taking their estimated 1 MMT higher to 168.7 MMT. 

Jan 25 Soybeans  closed at $9.95 3/4, up 1/4 cent,

Nearby Cash  was $9.46 1/2, unch,

Mar 25 Soybeans  closed at $10.03 1/4, up 1/2 cent,

Jul 25 Soybeans  closed at $10.23 3/4, up 1/4 cent,