Soybeans are trading with 1 to 3 cent losses so far at midday. November options expire today, with first notice day on the 31st. The cmdtyView national average Cash Bean price is 2 3/4 cents lower at $9.73 3/4. Soymeal futures are up $1 to $1.70 at midday. Soy Oil futures are down 26 points in the nearbys.
November soybeans have averaged $10.20 in October as part of the harvest price crop discovery. That is still 17 cents above the harvest price last year but down 34 cents from the February base price.
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President Trump and China’ President Xi are expected to meet in South Korea on Thursday.
Nov 25 Soybeans are at $10.42, down 2 3/4 cents,
Nearby Cash is at $9.73 3/4, down 2 3/4 cents,
Jan 26 Soybeans are at $10.60 3/4, down 1 1/4 cents,
Mar 26 Soybeans are at $10.73 1/2, down 1 3/4 cents,
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