Soybean Rally Holding on Wednesday
Soybeans futures held on to the Wednesday gains as contracts were up 8 to 11 ½ cents across most months. The cmdtyView national average Cash Bean price was 12 1/4 cents lower at $9.94. Soymeal futures were down 20 cents to $2.10/ton, with Soy Oil futures 107 to 145 points higher.
In an interview late on Tuesday, US Trade Rep Greer stated there is a chance that he and secretary Bessent meet with Chinese counterparts before April when President Trump is expected to meet with President Xi. Secretary Bessent met with China’s Vice Premier on Wednesday in Davos and had positive trade tals
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Rains are expected in northern portions of Brazil in the next week, slowing some early harvest. The southern portions are expected to be drier, as well as parts of Argentina.
Mar 26 Soybeans closed at $10.64 1/2, up 11 1/2 cents,
Nearby Cash was $9.94, up 12 1/4 cents,
May 26 Soybeans closed at $10.75, up 11 cents,
Jul 26 Soybeans closed at $10.87 1/4, up 11 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
