Front month beans are trading 12 to 18 cents stronger. Midday Soymeal futures are mixed, mostly weaker. Soybean Oil futures are 130 to 170 points.Â
StatsCan data had showed Canadian canola crush was 974k MT in October. Their season total, is 2.726 MMT, and 17.9% ahead of last year. Canadian Canola Prices are $11 CAD stronger on the day.
Export Inspections data released yesterday morning showed soybean shipments at 1.44 MMT (53 mbu) in the week that closed out on November 23. That was a drop of 11.5% from the week prior and down 35.3% vs. the same week in 2022. Of that total, more than half (872,099 MT) was headed to China, with 132,782 MT headed to Germany. Soybean export inspections this marketing year have totaled 17.45 MMT (641.3 mbu), a decline of 10.9% from last year.Â
AgRural shows the Brazilian crop at 74% planted as of last Thursday, which now is behind last year’s pace by 13% and is the slowest pace for this week since the 15/16 crop year.Â
Jan 24 Soybeans  are at $13.48 1/4, up 18 1/2 cents,
Nearby Cash  is at $12.89 5/8, up 18 5/8 cents,
Mar 24 Soybeans  are at $13.66 1/2, up 18 1/4 cents,
May 24 Soybeans  are at $13.80 1/2, up 18 3/4 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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