Soybeans have had a back and forth session centered around the China/US meeting on Wednesday night, as the front three contracts have a 40 cent or more range on the session. Contracts are up 10 to 14 cents in the nearbys at midday. The cmdtyView national average Cash Bean price is 15 cents higher at $10.28 1/2. Soymeal futures are up $6 to $7.20, with Soy Oil futures 36 points lower.
November soybeans have now averaged a close of $10.29 throughout October, elevated by the recent rally. Last year’s harvest price for crop insurance was $10.03, with the spring price at $10.54.
