Soybeans Extending Higher on Thursday Morning

Soybeans are trading with 10 to 11 cents in the nearby contracts early on Thursday/ Futures posted gains of 1 to 4 3/4 cents to close out Wednesday. Open interest was up just 1,840 contracts. The cmdtyView national average Cash Bean price was up 2 cents at $10.58 1/4. Soymeal futures were $1.00 to $2.20 higher on the day, with Soy Oil futures slipping 15 to 36 points on the day. The average close for November futures in February has been $10.93. Last year’s base spring price for crop insurance was $10.54 ...