Overview
- The January Chicago contract closed at US$393.80 per ton, down US$1.38 and the lowest since October.
- Spot soybeans in Rosario held at ARS 500,000 per ton with moderate activity and steady purchase offers at Gran Rosario terminals.
- Analysts point to reduced Chinese buying, noting reports that imports totaled about 3.64 million tonnes versus 12 million discussed with the U.S.
- U.S. NOPA said November crush reached roughly 5.88 million tonnes, below private estimates, and soybean‑oil stocks increased as Brazilian planting reached 96.7% with favorable conditions.
- Argentina’s central bank introduced monthly inflation‑updated exchange‑rate bands, which analysts say should not immediately change commercialization but could encourage short‑term caution among sellers.