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Austin Schroeder

Soybeans Rally on Thursday

CmdtyView Oil USDA

Soybeans posted front month gains of 11 to 13 ¼ cents on Thursday, with new crop November up 5 ¾ cents. The cmdtyView national average Cash Bean price was up 13 1/4 cents at $10.72 1/2. Soymeal futures were $4.00 to $4.70 higher on the day, with Soy Oil futures 40 to 47 points lower. A report overnight indicated the US and China are looking to extend a trade truce when the two leaders meet in China in April.

USDA reported a private export sale of 108,000 MT of soybeans to Egypt this morning.

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