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Soybeans experienced losses of 6 to 7 cents in the front months, with the cmdtyView national average Cash Bean price closing at $9.67, down 5.5 cents. Soymeal futures declined by 40 cents to $1.90, while soy oil futures dropped between 108 to 145 points.
Statistics Canada projected the canola crop at 20.03 million metric tons (MMT), a 4.1% increase from last year and 0.1 MMT above the previous August estimate. In contrast, soybean production is estimated at 7.134 MMT, reflecting a 5.7% decrease from the previous year. Weekly Export Sales data is anticipated on Thursday, with soybean sales expected between 0.4 and 1.5 MMT for the 2025/26 season.
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