Midday bean prices are 13 1/2 to 22 cents stronger so far. Meal prices are also rallying $6.80 to $12.20/ton so far into the weekend. BO prices are 93 to 108 points stronger.Â
Dalian No2 Soybean Prices (or import quality beans) were 5,170 yuan/MT (~ $20.22/bu), and have remained between 5,000 and 5,250 since mid August. At this time last year prices were 4,558 yuan.
USDA’s Ag Attache reduced their forecast for Chinese soybean imports, with 21/22 needs lowered to 92 MMT and 22/23 reduced to 96.5 MMT.Â
CONAB sees Brazilian soybean output as 125.55 MMT for 21/22, which was up slightly from their August figure.Â
Sep 22 Soybeans  are at $14.81 3/4, up 11 1/4 cents,
Nearby Cash  is at $13.78 1/4, up 22 1/2 cents,
Nov 22 Soybeans  are at $14.08 1/4, up 22 1/4 cents,
Jan 23 Soybeans  are at $14.13 1/4, up 22 cents,
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