Soybeans are trading with 15 to 17 cent gains in the front months on Thursday, with new crop November up 8 ¼ cents. The cmdtyView national average Cash Bean price is 15 3/4 cents higher at $10.43 3/4. Soymeal futures are $7.10 to $7.30 higher, with Soy Oil futures down 22 to 25 points in the nearbys.
The average close for November futures for February is used for determining the spring crop insurance price. Thus far the average close has been $10.81, above the $10.54 from last year.
