**Soybean Futures Overview: March 26, 2023**
Soybean contracts closed higher on March 26, with prices up by 5 to 7 cents, marking a closing price of $11.55 3/4 per bushel. The national average cash bean price increased by 6 1/4 cents to reach $10.97 1/2. Additionally, soymeal futures rose by 20 cents, while soy oil futures gained between 6 to 12 points.
In the context of global events, China has called for a cessation of military operations in the Middle East amid ongoing tensions. U.S. and Chinese trade officials are scheduled to meet in mid-March to strategize for the upcoming Trump/Xi meeting planned for late March 2023.
