Soybeans Continuing Push Higher at Midday

Core Insights - Soybean prices are experiencing a mostly higher trading trend, with increases of 3 to 4.5 cents noted on Friday [1] - The national average cash bean price has risen by 4 cents to $9.50 1/2 [1] - Soymeal futures have increased by $1 to $1.40, while soy oil futures are up by 12 to 22 points [1] Market Conditions - The harvest price discovery for crop insurance is currently in progress, based on the average November soybean close during October [1] - The average close for the first two days of October is reported at $10.18, with the spring price set at $10.54 [1] Weather Impact - Rainfall of 1 to 2 inches is expected in parts of southeast Nebraska, Iowa, and the Dakotas, which may pause harvest activities in these regions [2] - Other growing areas are forecasted to receive lighter rainfall totals of less than ½ inch [2] Price Movements - As of November 25, soybean prices are as follows: - Nov 25 Soybeans at $10.27 1/4, up 3 1/2 cents [2] - Nearby Cash at $9.50 1/2, up 4 cents [2] - Jan 26 Soybeans at $10.45 3/4, up 4 cents [2] - Mar 26 Soybeans at $10.60 1/2, up 4 1/4 cents [2]