Soybeans are experiencing gains of 4 to 7 cents across most contracts as of July 26, 2023, with the cmdtyView national average cash bean price rising 6.25 cents to $11.67. Soymeal futures are up $6.10 to $8.10, while soy oil futures have declined by 48 points in the July contract.
President Trump arrived in Beijing this morning for discussions with China’s President Xi, expected to take place at 10 AM local time (9 PM CDT). Trade will likely be the primary topic on their agenda.
The USDA’s WASDE report released on July 25 indicated a decrease in old crop U.S. carryout to 340 million bushels, while new crop ending stocks are projected at 310 million bushels, below the 366 million bushel trade estimate.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
