Soybeans were pressured at midday by a few more bushels on the balance sheet, but managed to pull 4 to 5 ½ cents higher into the close. November soybeans were up 13 ¾ cents on the week. The cmdtyView national average Cash Bean price was up 4 cents at $12.34. Soymeal futures wre $2.30 to $8 higher in most contracts, with December up $18.10 for the week. Soy Oil futures were 10 to 14 points higher, as December was 60 points lower on the week.
The monthly Crop Production report from NASS showed US yield at 53.1 bpa, up 0.3 bpa from the previous estimate. That took the production estimate 27 mbu higher to 4.562 bbu, and was above estimates.
