Soybeans are showing midday losses of 3 to 5 cents so far on Monday, as NOPA data was reported shy of estimates. CmdtyView’s national front month Cash Bean price is down 2 1/4 cents at $9.32 3/4. Soymeal futures are up $1.30/ton on the day. There were 141 deliveries issued on Friday night, taking the total for the contract to 2,662 contracts. Soy Oil futures are 91 points lower on the session. There were another 18 deliveries issued against Dec bean oil on Friday evening, bringing the total to 800.

Export Inspections data showed 1.676 MMT (61.6 mbu) in soybean shipments during the week that ended on December 12. That was down 3.5% from the previous week but up 17.6% from the same week last year. China was the largest destination of 1.026 MMT, with another 191,759 MT shipped to Mexico. Marketing year to date shipments are now at 25.23 MMT (927.06 mbu), which is now 19.1% above the same week in 2023.

NOPA data was updated this morning, with the reported 193.185 mbu of soybeans crushed during November coming shy of the trade estimates at 196.713 mbu. That was up 2.19% from last year and a November record, but down 3.38% from last year. Stocks were building this month, up 1.47% from a year ago at 1.08 billion lbs. That was still 10.6% below last year and short of the estimated 1.123 billion lbs.

CFTC Commitment of Traders data showed a total of 13,897 contracts covered from the spec funds net short position in soybean futures and options as of 12/10, taking the position to -58,320 contracts. Commercials were at a net short of 27,087 contracts by Tuesday a 7,898 contract increase.

AgRural estimates the Brazilian soybean crop at 171.5 MMT.

Jan 25 Soybeans  are at $9.86, down 2 1/4 cents,

Nearby Cash  is at $9.37 3/4, down 2 1/4 cents,

Mar 25 Soybeans  are at $9.89 3/4, down 5 1/4 cents,

Jul 25 Soybeans  are at $10.10 1/2, down 5 1/2 cents,