Soybeans saw a rebound on Tuesday with contracts up 2 to 4 ¼ cents across the nearbys at the close. The cmdtyView national average Cash Bean price was 4 1/4 cents higher at $9.44 1/4. Soymeal futures were mixed, with nearby October up a dime and other contracts down 20 to 80 cents. Soy Oil futures were up 38 to 74 points on the day. November soybeans have average $10.19 so far through the 5 trade days in October, with the full month’s average used in the harvest price discovery for crop insurance.
Despite Secretary Bessent stating last week there would be news on Tuesday, insinuating a possible announcement on trade aid, there has been no news.
