Soybeans Rounds Out the Week with Strength

Soybean futures finished Friday up 5 3/4 to 12 3/4 cents, with May gaining 24 cents on the week and November up 27 cents. The national average cash bean price rose 13 1/2 cents to $11.37 3/4, while soymeal was steady. The action points to firmer soybean pricing and supportive week-over-week momentum in the complex.

Analysis

Soybean futures finished Friday up 5 3/4 to 12 3/4 cents, with May gaining 24 cents on the week and November up 27 cents. The national average cash bean price rose 13 1/2 cents to $11.37 3/4, while soymeal was steady. The action points to firmer soybean pricing and supportive week-over-week momentum in the complex.