The soybean market is trading with 1 to 5 cent losses so far on Tuesday. January futures expire today. CmdtyView’s national front month Cash Bean price is down 1 3/4 cents at $9.92 1/4. Soymeal futures are back down $2.20/ton on the day. Soy Oil futures are 22 points higher on the session. There were 112 deliveries issued against January soybeans overnight, with 6 for January meal and 59 for bean oil.

USDA reported another private export sale of 198,000 MT of beans to China this morning for 2024/25 shipment.

Delayed CFTC Commitment of Traders data showed managed money trimming another 13,835 contracts from their net short in soybean futures and options in the week of 1/7. That took their net short to 28,612 contracts. Commercials were adding 21,307 contracts to their net short to 53,708 contracts.

Wednesday’s NOPA crush for December is expected to show 205.498 mbu of soybean crushed, which would be 6.4% larger than November and 5.2% larger than last year.

Brazil’s soybean crop was pegged at 166.32 MMT this morning by CONAB, a 0.11 MMT increase from last month.

Jan 25 Soybeans  are at $10.47 1/2, up 6 cents,

Nearby Cash  is at $9.92 1/4, down 1 3/4 cents,

Mar 25 Soybeans  are at $10.51 1/4, down 1 3/4 cents,

Jul 25 Soybeans  are at $10.75 1/2, down 2 1/2 cents,