Soybeans saw steady trade in some deferred contracts on Friday, with nearbys down fractionally to 3 cents. November was up 22 ¼ cents this week. November options expired today, with first notice day on the 31st. The cmdtyView national average Cash Bean price was 2 1/2 cents lower at $9.73 3/4. Soymeal futures were up $1.80 to $4.10 at the close, with December $13.10 higher this week. Soy Oil futures were down 48 to 60 points on the day, with December on 86 points on the week.
The average close for November soybeans has jumped to $10.22 so far in October. There are 5 days left to determine the harvest price for crop insurance. That is still 19 cents above the harvest price last year but down 32 cents from the February base price.
