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Barchart
Austin Schroeder

Soybeans Rally Off Early Lows as Traders Eye Monday Trade Announcement

IN CmdtyView USDA

Soybeans came back to close Friday with contracts down 1 ¾ cent in some back months to November’s 1 ½ cent gain. Trade details set to be announced Monday calmed the selling. November saw 15 ½ cent gain on the week. The cmdtyView national average Cash Bean price was up 1 1/2 cents at $12.62 1/2. Soymeal futures were down a dime to $2.20 in the most contracts, as October was up $19.30 on the week. Soy Oil was 1 to 33 points on Friday with October slipping back 44 points.

Limited information was released on Friday over what was discussed between US and Chinese leaders this week. Reports on Friday indicated USTR Greer was looking for details to be released on Monday.

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