USDA Soybean Crop Report; Soybean Futures Higher

The USDA World Agricultural Supply and Demand Estimates Report (WASD) was just released The USDA report showed U.S. soybean yield at 51.4 bushels per acre versus 50.6 bushels per acre on agency's September report. The USDA placed soybean stocks at 395 million bushels. November Soybeans are trading at 965, up 10 3/4 cents/bushel. January Soybeans are trading at 972 3/4, up 11 cents/bushel. December Soymeal is trading at 303.7, up 303.4 $/ton. December Soybean Oil is trading at 33.87, up 0.52 cents/lb.