Soybeans are trading with gains of 4 to 5 ¼ cents across the nearbys at midday. Futures rounded out the Wednesday session with most contracts fractionally to 7 ½ cents higher at the close. Open interest was up 4,380 contracts on Wednesday. The cmdtyView national average Cash Bean price was down 7 cents at $12.59 3/4. Soymeal futures were mixed, with front month October up $1.40 and other contracts steady to down $2, with Soy Oil slipping 3 to 12 points.
Ahead of the meeting between the US and China today, Treasury Secretary Bessent stated the US and China trade truce was extended by 2 months as the two work on a trade deal.
