Soybeans were higher on commercial and technical buying. Beans went back to following meal, which was up on strong demand from end users, with the December contract closing above $400 per short ton and January closing at the highest level since early July. Soybean oil was down on product spread adjustments and the losses in crude and palm oil. Wednesday’s NOPA member crush numbers for November have an average estimate of 181.9 million bushels, potentially the largest for the month on record.
