Soybeans Ticking Higher Early on Friday

Group 1: Soybean Market Overview - Soybean prices increased by 3 to 4 cents in the Friday morning session, with futures gaining 4 to 5 cents on Thursday due to slight product value strength [1] - The national average Cash Bean price rose by 4 1/4 cents to $9.36, while Soymeal futures increased by 50 cents to $1.00, and Soy Oil was up 7 to 15 points in the nearby contracts [1] - November soybean futures averaged $10.15 thus far, down from $10.54 in February but up from $10.03 in the previous year's fall price [1] Group 2: China and Brazilian Soybean Purchases - There are indications that China is delaying purchases of Brazilian soybeans due to high premiums, which is typical as Brazil's stocks are low before new supplies arrive in January/February [3] - Brazilian exports have been increasing to compensate for the reduced Chinese buying from the US, suggesting that China may need to utilize state reserves if they continue to avoid US soybeans [3] Group 3: Soybean Futures Closing Prices - As of November 25, Soybeans closed at $10.10 3/4, up 4 1/4 cents, with nearby cash at $9.36, also up 4 1/4 cents [4] - January 26 Soybeans closed at $10.28 1/2, up 4 1/4 cents, and March 26 Soybeans closed at $10.43 3/4, up 4 cents [4]