Soybean futures slipped on Friday, with front months 3 to 4 ½ cents lower. January saw a 9 ½ cent increase. The national average Cash Bean price rose by 4 cents to $9.88 1/2. Soymeal futures dropped by 50 cents to $1/ton, while Soy Oil futures fell by 30 to 35 points, with January up 82 points for the week.

Government reports were delayed due to a holiday, limiting news. The next Export Sales release for the week ending on 12/18 will come out next Wednesday. Thinner trade also contributed to limited movement to close the week.

Soybean prices closed at $10.58 3/4 for January 26, down 4 ½ cents. Nearby Cash was $9.88 1/2, down 4 cents. March 26 Soybeans closed at $10.72 1/2, down 4 cents, and May 26 Soybeans closed at $10.84 1/4, down 3 1/4 cents.

Read more at Yahoo Finance: Soybeans Slip Lower on Friday’s Thin Trade