
Soybeans are pushing back higher on Friday, with contracts up 7 to 10 cents. There were another 36 deliveries issued overnight, taking the total to 1,506 for the month. The cmdtyView national average Cash Bean price is 8 3/4 cents lower at $10.42 ¾. Soymeal futures are back up on Friday, with contracts $3.50 to $4 higher in the front months, with Soy Oil futures are 25 to 30 points lower.
China reinstated eligibility for 3 US soybean export firms to ship beans to the country. Chinese customs data showed a total of 9.48 MMT of soybeans were imported during October, down from 12.87 MMT in September.