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Barchart
Barchart
Austin Schroeder

Soybean Rally Continuing Through Midday

Donald Trump CmdtyView China

Soybeans are trading with 10 to 11 cent gains at the midday portion on Monday, as President Trump’s China trade comments have been trending friendlier. The cmdtyView national average Cash Bean price is 10 1/4 cents higher at $9.556 ½. Support from the products was noted, as Soymeal futures are up $3 to $3.50 so far on Monday, with Soy Oil 17 to 20 points Higher

Over the weekend President Trump stated he was confident in reaching a soybean deal with China and he “wants China to buy soybeans at least in the amount they were buying before. 

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