Soybeans Rally Late as Trump/Xi Meeting Scheduled

Soybeans rallied late with futures up roughly 6.25–16.75¢ and the cmdtyView national average cash bean price rising $0.17 to $10.98. Soymeal futures fell $0.70 to $2.60 while soybean oil futures gained 90–137 points. Moves are modest and concentrated in the soy complex, likely affecting agricultural positions but unlikely to materially impact broader markets.

Analysis

Soybeans rallied late with futures up roughly 6.25–16.75¢ and the cmdtyView national average cash bean price rising $0.17 to $10.98. Soymeal futures fell $0.70 to $2.60 while soybean oil futures gained 90–137 points. Moves are modest and concentrated in the soy complex, likely affecting agricultural positions but unlikely to materially impact broader markets.