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Barchart
Barchart
Austin Schroeder

Soybeans Follow Through Higher on Thursday, with Meal Assistance

CmdtyView Oil United States

Soybeans pushed higher on Thursday following the Wednesday strength, as contracts closed with 10 to 11 cent gains. The cmdtyView national average Cash Bean price was 11 1/2 cents higher at $9.46 1/4. Soymeal futures were $1.90 to $6.60 higher. Soy Oil futures were 2 to 7 points higher.

The discovery for the harvest price for crop insurance is currently underway, via the average November soybean close during October. The average close in the two day so far is at $10.18, with the spring price at $10.54. 

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