Weekly Recap

Soybean futures moved higher for the third consecutive week as the Jan contract advanced 33 cents per bushel and the March contracted 32½ cents. The USDA reported on the October crush, showing 5.1 million tons of soybeans crushed during the month.  This was up 26% from the September crush and 18% from August. The crush produced 3.7 million tons of meal and 1.96 billion pounds of oil. The USDA reported meal stokes to be 360,253 tons and oil…