“`html
Soybeans experienced losses of 8 to 11 cents on Monday, with the cmdtyView national average Cash Bean price down 10.5 cents at $10.24. Soymeal futures fell by 50 cents to $1, while Soy Oil futures decreased by 45 to 50 points. The USDA reported a private export sale of 132,000 metric tons (MT) of soybeans to China.
For the week ending December 4, the Export Inspections report indicated that 1.018 million MT (37.41 million bushels) of soybeans were shipped, reflecting a 41.4% decrease from the same week last year, but a 10.6% increase compared to the previous week. Notably, Mexico purchased 132,050 MT, while China received 119,895 MT. The total marketing year shipment stands at 12.9 million MT, a decline of 45.2% compared to last year.
In the prior reporting week ending November 6, soybean bookings were substantially low at 510,554 MT, which is below the estimates of 0.45-1.6 million MT. The upcoming WASDE data will be released on Tuesday, with expectations of U.S. soybean ending stocks rising to 306 million bushels, an increase of 16 million bushels from the prior month.
“`
