November Soybeans finished down 12 3/4 at 1212 1/4, 33 1/2 off the high and 1/4 up from the low. January Soybeans closed down 9 3/4 at 1220 3/4. This was 1/4 up from the low and 29 3/4 off the high. December Soymeal closed down 3.8 at 316.5. This was 0.5 up from the low and 9.0 off the high. December Soybean Oil finished down 0.14 at 51.25, 1.12 off the high and 0.1 up from the low. November soybeans closed 12 3/4 cents lower on the session and managed to close 57 3/4 cents lower on the week. A much more positive tilt to the global economy and the sharp break in the US dollar to the lowest level since September 8th helped to support the soybean market and a wide range of other commodity markets early today but uncertainty for the economic situation early next week plus more talk of short-term demand concerns spark a long liquidation selling trend after the early surge with the market closing near 33 cents lower from the early peak. A jump in metal and energy markets and a surge higher in the US stock market helped to support. A lack of selling from US producers has helped to support the cash market and basis levels. Open interest declined 3,367 contracts on the break yesterday. Less concerns for euro debt crises has helped lift commodity markets in general but the market saw a sharp sell-off after the early surge to trade just slightly higher on the day into the mid-session. December oil closed lower for five sessions in a row.

Bron: CME