Soybeans End Week Higher as Winter Wheat Falls, China Reinstates U.S. Bean Shippers

Overview

• Soybean futures finished up roughly 8–10 cents, capping a volatile week that left January barely higher overall.
• Winter wheat closed lower across Chicago and Kansas City contracts, while Minneapolis spring wheat inched higher to finish the day.
• China reinstated eligibility for three U.S. soybean exporters, and Chinese customs reported 9.48 million metric tons of soybean imports in October.
• EPA granted two full and 12 partial small refinery exemptions, clearing the remaining backlog of small refinery exemption requests.
• FranceAgriMer pegged French soft wheat planting at 79% complete, Argentina’s soy crop at 4.4% planted with wheat harvest at about 11.6%, corn traded near unchanged with a reported China sorghum purchase, and cotton eased with The Seam auction at 65.95 cents and ICE stocks steady.