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Soybean futures settled mostly 8 cents higher. The Jan16 soybean contract inked its highest price in a month. Support came from the idea that biodiesel is expected to make up much of the 3.61 billion gallons of difference between ethanol production and total renewable fuels mandated for 2016 beyond. The monthly USDA soybean crushings report published after the close showed 5.1 million tons (187.39 mbu) of soybeans were crushed in October, up 26.2% from the September figure. The national average cash soybean index is 9 cents higher than it was a month ago.
Jan 16 Soybeans settled at $8.89 1/4, up 8 1/4 cents,
Mar 16 Soybeans settled at $8.91 1/2, up 8 1/4 cents,
May 16 Soybeans settled at $8.97 1/2, up 8 cents,
Jul 16 Soybeans settled at $9.03 1/2, up 8 1/4 cents,