January Soybeans finished up 7 at 1046, 4 off the high and 14 1/2 up from the low. March Soybeans closed up 5 1/2 at 1050 1/4. This was 13 1/4 up from the low and 4 1/2 off the high.

January Soymeal closed down 1 at 310.1. This was 3.8 up from the low and 2.2 off the high.

January Soybean Oil finished up 0.26 at 40.15, 0.14 off the high and 0.49 up from the low.

The soybean market defied a higher dollar and somewhat lower crude oil and equities markets today to post a modest gain. Light buying by funds early in the session helped to push the January soybean contract just through the highs of Wednesday and Thursday to 1050 early today, with the March contract also ending near the highs of the day. Oil ended the day higher and meal was marginally lower. Traders are looking forward to a quiet week next week due to the Thanksgiving Day holiday. Weather forecasts in the US still call for mostly dry conditions today through Sunday which should allow many farmers to finish the harvesting of soybeans. Rains and some snow from Sunday into early next week could cause some last minute harvest delays in the extreme northern and NW Midwest where the soybean crop was latest along with rain-only delays in the mid south and SE. Crop conditions in Brazil remain mostly favorable. Argentina is also seeing more favorable conditions after good rains there this past week. Additional welcome rains are forecast into the middle of next week.