Soybeans are starting Friday trade with 5 to 6 cent gains. Futures posted Thursday losses of 6 ¼ to 10 ¼ cents across the board at the close. Open interest suggested longs were backing off on Thursday, down 33,273 contracts. The cmdtyView national average Cash Bean price was down 10 cents at $12.30. Soymeal futures fell back $4.50 to $8.20 lower at the close, with Soy Oil futures 12 to 20 points higher. There were another 108 deliveries against October soybean oil overnight.
The harvest window is a little shorter in the east, with upwards of an inch in parts of IN and OH in the next few days from the remnants of hurricane Isaias. Much of the rest of the country is dry until next Wednesday/Thursday, with a pocket of 1-2 inches in IA, MO, MN, WI, and the Dakotas.
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