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Barchart
Barchart
Jim Wyckoff

Soybean Market Bulls Gain Footing with Monthly USDA Report on Deck

March soybean (ZSH26) futures last week gained 51 cents a bushel from the week prior, boosted by upbeat remarks from President Donald Trump that China will be buying more U.S. soybeans this year. March soybean meal (ZMH26) last Friday hit a six-week high and on the week was up $10.00 a ton. March bean oil (ZLH26) was up 1.82 cents a pound last week. 

Grain Traders Now Looking to the Soybean Market for Direction

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