Soybeans are up 1 to 3 cents across the front months on Wednesday morning. Futures were higher at the Tuesday close with contracts up 1 to 3 cents on the day. Open interest was down 6,334 contracts on Tuesday. The cmdtyView national average Cash Bean price was 1 3/4 cents higher to $10.52. Soymeal futures were up $1.70 to $2.80, with Soy Oil futures steady to 13 points higher. The market will be closed on Thursday for Thanksgiving, with a hard open at 8:30 CST on Friday. Friday is also first notice day for December meal and oil futures.
Wire reports indicate that China had purchased another 10 cargoes of US soybeans for January shipment late on Tuesday.
