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On Wednesday, soybean futures experienced losses of 2 to 3 cents, while the cmdtyView national average Cash Bean price increased by 2.5 cents to $9.33 1/4. Soymeal futures dropped 80 cents to $2.70, and Soy Oil futures showed slight increases of 2 to 4 points. Additionally, the USDA reported a private export sale of 101,400 MT of soybean meal to Guatemala for the 2025/26 period.
Export Sales data is expected on Thursday, with estimates for soybean sales ranging between 0.6 and 1.6 MMT for the week ending September 18. Meal sales are projected at 150,000 to 450,000 MT, while bean oil sales could see reductions of 10,000 MT or increase to 30,000 MT. Brazilian soybean exports for September are forecasted at 7.15 MMT, reflecting a decrease of 0.38 MMT from last week’s estimates.
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