Midday soybean futures are trading with losses of 22 3/4 to 28 cent losses. That has November contracts in the red for the week. Meal prices are working $4.90 to $6.40/ton weaker on profit taking into the weekend. BO futures are trading +3% lower into the weekend. B100 biodiesel prices were $6.76/gal in MN – UNCH wk/wk.
Dalian No2 Soybean Prices were up on Thursday to the strongest since May of ’22.
Domestic soy crush spreads on the board were lower to a 2-wk low. The CME Synthetic Soy Crush for Dec contracts was just $2.05/bu at midday.
Nov 22 Soybeans are at $14.27 1/4, down 29 3/4 cents,
Nearby Cash is at $13.84 1/2, down 29 5/8 cents,
Jan 23 Soybeans are at $14.34, down 29 1/4 cents,
Mar 23 Soybeans are at $14.37 1/4, down 27 3/4 cents,
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