Soybeans are trading with 16 to 21 cent midday gain on Monday. There were 207 deliveries issued on Friday night, taking the total to 884 for the month. The cmdtyView national average Cash Bean price is 22 1/4 cents higher at $10.58 1/2. Soymeal futures are back down $1.70 to $1.90 at midday, with December rallying $27.50 on the week. Soy Oil futures are back up $108 o 111 points at midday
Export Inspections data showed 965,063 MT (35.46 mbu) of soybeans shipped in the week that ended on October 30, which was a drop of 16.8% from the week prior and 58.3% below the same week last year. Egypt was the top destination of 234,353 MT, with 138,647 MT to Italy and 133,192 MT to Mexico. Marketing year shipments have totaled 7.78 MMT (285.88 mbu), a 40% decline yr/yr.
