Soybeans are up 2 to 3 cents across most contracts, with Nov down ¼ cent before expiration. There were 29 deliveries for November futures overnight, totaling 1,736 for the month. The national average Cash Bean price is $10.56 1/2, up 3 ¼ cents. Soymeal futures are up $2.20 to $2.60, while Soy Oil futures are 51 to 53 points lower. Crop Production data is set for release on Friday, with soybean yield expected to drop to 53.1 bpa and output to 4.266 bbu. Ending stocks are projected at 304 mbu. Nov 25 Soybeans are at $11.13, down 1/4 cent, and Nearby Cash is at $10.56 1/2, up 3 1/4 cents. Jan 26 Soybeans are at $11.30 1/4, up 3 cents, and Mar 26 Soybeans are at $11.40 1/2, up 2 1/2 cents.
Read more at Yahoo Finance: Soybeans Pushing Higher at Midday
