November Soybeans finished up 4 at 926, 25 1/2 off the high and 9 1/4 up from the low. January Soybeans closed up 2 1/2 at 941. This was 9 1/4 up from the low and 25 off the high.

December Soymeal closed up 6.9 at 256.8. This was 6.6 up from the low and 3.2 off the high.

December Soybean Oil finished down 0.18 at 39.82, 1.12 off the high and 0.32 up from the low.

A higher open attracted buying in soybeans today, and this took the soybean complex to substantially higher levels into mid-session. However, traders said that weakness in the stock market and deterioration in energy markets brought selling back in during the late morning and early afternoon action. This brought a test of the overnight lows in November soybeans, but prices recovered into the close. Meal gained sharply on oil in the December contracts, a reversal of the recent trend in that spread. The USDA will issue a Crop Production and Supply/Demand Report on Friday. Early trade estimates in terms of yield are mixed. Private forecasters are calling for a reduction in the upcoming soybean crop in Brazil due to lower prices and continued high costs for energy-based inputs, as well as the high costs of transporting soybeans to ports from the interior. Harvest progress in the US may slow somewhat this week due to rains after last week's rapid progress. Basis levels were higher for soybeans today after a rise in the barge fright market to record levels. Farmer selling is still said to be light.