Soybean prices have increased by 3 to 4 cents in early trading on Thursday, with futures rising between 8 to 11½ cents across various contract months. The total open interest indicated net new buying, climbing by 9,390 contracts. As of March 26, the Mar 26 Soybeans closed at $10.64½, while the nearby cash price was noted at $9.94, 12¼ cents higher.
In trade-related developments, U.S. Trade Representative Greer indicated there might be a meeting with Chinese officials before April, ahead of a planned summit between Presidents Trump and Xi. This comes after Secretary Bessent’s constructive discussions with China’s Vice Premier in Davos on Wednesday.
Weather forecasts predict rain in northern Brazil over the next week, potentially hindering early harvests, while southern Brazil and parts of Argentina are expected to remain dry.
