Beans come out of the weekend with losses of 5 to 13 cents. The Argentine government halted the strike that began Friday at noon with a back to work order. Nov beans were down 2.5% from Friday to Friday, despite a 4 3/4 cent recovery into the weekend. Short covering was seen ahead of the weekend, with preliminary OI dropping 6,959 contracts. CME reported another 501 deliveries against Nov beans, mostly by CHS Hedging and ADM clients. Soy products also closed in the black on Friday. Analysts are looking for 170.9 – 172.0 (171.3 av) million bushels of Sept bean crushings in USDA’s Fats and Oils report. The average of analyst estimates for soy oil stocks is 1.826 billion lbs. The weekly CoT update showed soybean spec traders were 232,717 contracts net long on 10/27. That was an extra 825 contracts net long vs. the previous week. Commercial’s net position was another 16,283 contracts more net short, at 389k, however Commercial OI dropped 106,207 contracts (9.8%) from wk/wk. SAFRAS and Mercado estimate 2020/21 bean output at 133.5 MMT, which was a 1.33 MMT bump from the previous estimate. They say Brazilian planting is 35% complete compared to the 44% average for this date. --- provided by Brugler Marketing & Management