International Soybean Market

01-Jan-2025 08:13 AM

International Soybean Market
The international soybean market will remain closed on Wednesday and reopen on Thursday at 8:30 AM (CST). The weekly export sales report has been postponed to Friday morning. The monthly Fats and Oils report will be released on Thursday afternoon, with analysts estimating 207.2 million bushels of soybeans crushed in November.
Soybean oil stocks are projected at 1.478 billion pounds as of the end of November. Monthly EIA data revealed that 1.227 billion gallons of soybean oil were used for biofuel production in October, the highest since June and the third-highest for any month.