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The Hightower Report said, “Beans finished with modest losses but ended the week with its lowest close in over a month. No flash sales this morning and with China’s weeklong holiday it’s unlikely we will see any China demand over the next week. Fresh news was absent during the session and volume is rather light. Sharp strength in bean oil is being offset by weakness in meal.” John Heinberg at Total Farm Marketing said, “StoneX is forecasting U.S. soybean production at 4.648 billion bushels, with an average yield of 54.1 BPA, up from 53 BPA last month. This is well above the USDA’s September estimate of 4.535 billion bushels and represents a 101-million-bushel increase from StoneX’s previous forecast.”





