Soybeans are higher to start Tuesday, with fractional gains on Tuesday AM. Futures closed Monday with losses of 4 to 5 cents, as the market continues to sell the fact as the Chinese purchases come through. Open interest suggested some long liquidation, down 15,485 contracts. The cmdtyView national average Cash Bean price was 4 ½ cents lower at $10.01. Soymeal futures were up 70 cents to $1.10, with Soy Oil futures down 30 to 70 cents. A Reuters report indicated EPA finalization of the RVOs set for 2026 is not expected to take place until next year.
Export Inspections data showed soybean shipments at 795,661 MT (29.24 mbu) shipped in the week that ended on December 11. That was a drop of 22.4% from the week prior and down 59.6% from same week last year. China was the top destination of 202,043 MT, with 136,515 MT to Germany and 80,425 MT to Vietnam. Marketing year shipments have totaled 13.702 MMT (503.47 mbu), a 46.3% decline yr/yr.
