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Barchart
Barchart
Austin Schroeder

Soybeans Face a Wednesday Correction Ahead of the US/China Meeting

Soybeans rounded out the Wednesday session with most contracts fractionally to 7 ½ cents higher at the close. 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.

Traders taking some risk off ahead of the meeting between the US and Chinese leaders on Thursday. Some are looking for the meeting to focus on extending the current trade truce and look to make progress on the current tariffs.

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