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Soybeans are trading lower, with contracts down by 9 to 10 ¼ cents as of Friday. The cmdtyView national average cash bean price decreased by 10 cents, now at $9.51 3/4. Soymeal futures are down 40 cents, while soy oil futures have dropped by 47 points.
On the same day, President Trump held a phone call with China’s President Xi to discuss trade ahead of their upcoming meeting at the APEC meeting in South Korea in late October. Taiwan has committed to purchasing $10 billion of U.S. agricultural goods over the next four years, a significant increase from previous years when purchases ranged from $3.2 to $4.2 billion.
Weekly export sales data shows that soybean export commitments for 2025/26 stand at 10.277 million metric tons, representing 22% of the current USDA projection of 1.685 billion bushels, which is consistent with the average sales pace of 43% by this time of year.
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