Soybeans closed the first day of the week with 19 1/2 to 23 1/4 cent losses. Soybean meal closed $5.40 to $6 lower. Soybean oil futures ended 82 to 94 points lower. USDA’s Export Inspections report showed 74.83 mbu of soybeans were shipped on the week ending11/26. That was down 9% wk/wk, as they revised LW higher with additions to China and Vietnam. China was the top destination again for the week with 81.8% of the total. Soybean exports so far for 2020/21 were reported at 980.3 mbu, which is 65% ahead of last year’s pace and 10% above the 16/17 record pace. The Thanksgiving delayed Commitment of Traders report showed that soybean specs trimmed their net long by 4,964 contracts to 203,810. In soymeal, CFTC data showed that managed money was 71,135 contracts net long, which was 7,351 weaker wk/wk. BO spec traders were 105k contracts net long.

--- provided by Brugler Marketing & Management