Tidbits, USDA November S&D, China Soy, Veg Oils, SA Weather, CPI 11/11/26
Tidbits
The CBOT will trade normal hours today even though it is Veteran's Day.
The USDA announced yesterday morning the sale of 312,700 mts of old crop corn and 150,000 mts of old crop soybeans to Mexico.
Chinese Soy Market:
Only 34% of China’s 204,000 mts of government owned soybeans offered at auction were sold yesterday. Crush margins are weak and transportation costs are high.
With its growing soybean crush for meal and cooling demand for soy oil, China is expected to export a record amount of oil in 2026-27, according to USDA’s FAS report. Soybean oil exports are estimated at 1.35 million mts in 2026-27, up 25% from the previous year.
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