Soybeans open higher on Tuesday with fractional gains as Chinese purchases continue. Futures closed Monday with losses of 4 to 5 cents, seeing long liquidation. Export Inspections data shows soybean shipments down 22.4% from the week prior. USDA reports 2.232 MMT in sales, mostly to China. NOPA data shows record soybean crush in November.

CFTC report shows managed money trimming net long positions in soybean futures. China’s state stockpiler sells 323,000 MT of imported beans, plans another auction for 550,000 MT. Jan 26 Soybeans closed at $10.71 3/4, down 5 cents. Nearby Cash at $10.01 1/1, down 4 1/2 cents. Mar 26 Soybeans closed at $10.81 1/4, down 5 1/2 cents. May 26 Soybeans closed at $10.93, down 4 cents.

Read more at Yahoo Finance: Soybeans Showing Fractional Gains on Tuesday Morning