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Barchart
Austin Schroeder

Soybeans Trading with Wednesday Gains Ahead of Trump/Xi Visit

Donald Trump CmdtyView Oil

Soybeans are posting with 4 to 7 cent gains across most contracts on Wednesday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.67. Soymeal futures are up $6.10 to $8.10, with Soy Oil futures 48 points lower in the July contract. 

President Trump landed in Beijing this morning as he is expected to meet with China’s President Xi over the next couple days, with trade likely at the top of the lists for topics of conversation. They are expected to meet 10 AM local time, or 9:00 pm CDT this evening. 

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