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Barchart
Barchart
Austin Schroeder

Soybeans Extending Rally into Thursday

CmdtyView Oil United States

Soybeans are continuing the push higher into Thursday, with contracts up 7 to 9 cents. The cmdtyView national average Cash Bean price is 8 1/2 cents higher at $9.43 1/2. Soymeal futures are $4.30 to $4.80 higher. Soy Oil futures were 15 to 20 points higher.

Futures rallied into Wednesday’s close and are pushing forward on Thursday following a President Trump post that soybeans will be a major topic of discussion in a meeting between he and President Xi of China later this month. Additionally, this morning Secretary Bessent mentioned there would be news on Tuesday, likely implying a potential trade aide for producers.

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