Soybeans fell into the Friday close, with contracts down 21 to 35 ¾ cents across the board, as money came off the table. November was down 13 ¼ cents for the week. The cmdtyView national average Cash Bean price was down 36 cents at $12.38 ½. Soymeal futures were down $1.50 to $4.20 at the close, with October down $1.40 this week. Soy Oil was 135 to 227 points lower across the board, as October held on for a 30 point gain for the week. There was just 1 delivery issued against September soybeans overnight, with 3 for soybean meal and 134 deliveries against September bean oil. They expire on Monday.
USDA’s monthly Crop Production report showed soybean yield at 52.8 bpa, up 0.1 bpa from the August projection and compared to estimates of 52.4 bpa. Production was 16 mbu higher to 4.535 bbu, as harvested acres were also raised by 100,000 acres to 85.881 million acres.
