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On Tuesday, soybean prices saw minor decreases across most contracts, with the cmdtyView national average cash bean price falling by 3/4 cents to $10.57 1/2. Soymeal futures dropped by $1.30 to $1.80, while soy oil futures increased by 23 to 27 points. There were no deliveries against December soybean meal, and 123 deliveries for bean oil were reported.
The European Commission projected EU soybean imports from July 1 to November 30 at 4.97 million metric tons (MMT), indicating a decrease of 0.78 MMT from the previous year. Additionally, daily flash sale announcements from the USDA remained quiet, aside from limited Chinese purchases last week.
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