Soybeans fell on Friday, with contracts down 17 to 22 ¼ cents. January ended the week up 7 ½ cents, while the Cash Bean price averaged $10.50 1/4. Soymeal futures dropped $1.40, and Soy Oil futures were down 2 to 10 points.

USDA reported 1.348 MMT of unreported daily sales, with China buying 332,000 MT and 616,000 MT to Unknown destinations. Soybean meal sales to the Philippines totaled 237,500 MT. Weekly report data won’t be caught up until January 2.

US soybean yield was 0.5 bpa lower at 53 bpa, reducing production by 48 mbu to 4.253 bbu. Carryover from 2024/25 decreased by 14 mbu to 316 mbu, impacting supply and demand. Exports were down 50 mbu, leading to lower ending stocks at 290 mbu.

Brazil and Argentina saw changes in domestic use, exports, and ending stocks. World ending stocks decreased by 2 MMT to 121.99 MMT. NOPA data is expected to show October crush totaling 209.52 mbu, with soybean oil stocks at 1.257 billion lbs.

Soybean prices closed lower, with Nov 25 Soybeans at $11.12 3/4, Nearby Cash at $10.50 1/4, Jan 26 Soybeans at $11.24 1/2, and Mar 26 Soybeans at $11.36. Austin Schroeder did not have positions in mentioned securities. Information is for informational purposes only.

Read more at Yahoo Finance: Soybeans Falls into the Weekend as Export Data Suggests Limited China Buying