Soybeans are posting Friday AM losses limited to just 1 to 2 cents. Futures saw 10 to 13 cent gains across most contracts on Thursday. Open interest was down 4,071 contracts, mostly in the November contract. November options expire today. The cmdtyView national average Cash Bean price was 10 3/4 cents higher at $9.75 1/4. Soymeal futures were up 30 cents to $2.30 on the day, with some back months lower. Soy Oil was 55 to 80 points higher, supported by $3.25 gains in crude oil.
November soybeans have averaged $10.20 in October as part of the harvest price crop discovery. That is still 17 cents above the harvest price last year but down 34 cents from the February base price.
