Soybeans are trading with 20 to 27 cent losses early on Thursday morning. Futures saw modest strength on Wednesday, with contracts closing fractionally to 3 cents higher on the day. Open interest was up 14,129 contracts on Wednesday. The cmdtyView national average Cash Bean price was up 3 1/4 cents at $11.64. Soymeal futures were the supportive product, up $4.40 to $10.10, with Soy Oil futures falling into the close, down 27 to 104 points. There were 80 deliveries issued against May meal futures overnight, with 41 issued against May beans. May futures expire today.
A meeting between President Trump and China’s President Xi in Beijing concluded early this morning. Few details were released following the meeting, though Secretary Bessent stated that “soybeans are all taken care of.”
