On Friday, soybean prices are declining by 12 to 13 cents, with the cmdtyView national average cash bean price at $10.10 3/4, down 11 3/4 cents. Soymeal futures increased by $1.70, while Soy Oil futures fell by 85 points. Notably, December soybean meal and bean oil delivered 26 and 34 contracts, respectively, as December contracts expire today.
The USDA reported a private export sale of 132,000 MT of soybeans to China, bringing total known purchases to 3.5 MMT. Additionally, a sale of 104,328 MT of soybean meal was made to Mexico, split between 93,895 MT for the current marketing year and 10,433 MT for the next. Sinograin announced an auction for 513,000 MT of imported soybeans scheduled for next Tuesday.
