Soybeans were higher on short covering and technical buying. Harvest activity is ongoing with minor delays expected in some areas into the weekend. Anecdotal yields are generally poor following the hot, dry finish to the season. The USDA’s updated yield and production estimates are out October 12th. Soybean meal was higher and bean oil was lower on the adjustment of product spreads. The Federal Reserve kept interest rates unchanged but is signaling another possible increase in November.
