Soybeans are showing Monday morning gains of 11 to 12 cents. They settled the Friday session with contracts steady to 1 ½ cents in the red, despite early strength and export business. January managed a 3 ¾ cent loss on the week. There were another 440 deliveries issued overnight, all by a JP Morgan Customer. CmdtyView’s national front month Cash Bean price was up 3 1/4 cents at $9.34. Soymeal futures were down $3.50 to $4.30/ton across the board, with the front two contracts falling below $300. Soy Oil futures were up another 87 to 116 points on the day, as December managed a 215 point gain out of the week.

September crush data was released Friday afternoon by USDA, with actual soybean crush coming in at 186.4 mbu. That was below estimates, but up 11.31% from August and 6.72% above last year’s Sep record. Soy oil stocks were tallied at 1.501 billion lbs, below the 1.539 billion lb estimate.

Weekly Commitment of Traders data showed managed money adding 12,652 contracts to their net short position as of October 29. That took the position to -72,226 contracts. Commercials increased their net short position by 4,959 contracts in that week to 23,383 contracts.

Brazil’s soybean crop is estimated at 166.2 MMT according to StoneX’s latest estimate, a 1.17 MMT increase from their previous estimate. AgRural showed the Brazilian soybean crop at 54% planted as of last Thursday, and now above the 51% from last year for this time.

Nov 24 Soybeans  closed at $9.82 1/2, unch, currently up 11 3/4 cents

Nearby Cash  was $9.34, up 3 1/4 cents,

Jan 25 Soybeans  closed at $9.93 3/4, down 3/4 cent, currently up 11 1/2 cents

May 25 Soybeans  closed at $10.25, down 1 cent, currently up 11 1/4 cents