Soybean prices rose on Wednesday, with contracts up 1 to 3 1/2 cents. Cash Bean price averages at $10.20 1/4. Soybean meal futures are down to $1.10, while Soy Oil futures are 10 to 46 points higher. USDA reported private export sales to China and Poland, with more deliveries for December soybean meal and oil.

CFTC report shows managed money net long position increased by 60,194 contracts, reaching 178,683 contracts. Two-week bull move totaled 143,354 contracts to the long side, the largest on record. Jan 26 Soybeans are at $10.90 3/4, Nearby Cash is at $10.20 1/4, Mar 26 Soybeans at $11.00 3/4, May 26 Soybeans at $11.10.

Overall, the soybean market is showing strength with rising prices and increased demand from both China and Poland. CFTC reports point to a significant increase in the net long position by managed money, signaling bullish sentiment. This data indicates positive momentum in the soybean market, with prices on the rise.

Read more at Yahoo Finance: Soybean Bulls Battling Back at Wednesday’s Midday