Soybeans are trading with gains of 6 to 7 ½ cents across the front months. Futures rounded out the Tuesday session with contracts down 2 to 6 cents at the close. Open interest was up 5,743 contracts on Tuesday, as another 19,383 MT rolled out of the November. The cmdtyView national average Cash Bean price was down 2 1/2 cents at $12.25 3/4. Soymeal futures were $1.50 to $5.50 lower, with Soy Oil futures down 31 to 63 points. October futures expires on Wednesday.
Reuters reports indicate China purchased 8-10 Panamax (~60,000 MT+) cargoes of US beans overnight.
