“`html
Soybeans are trading with fractional to 2 cent gains on Wednesday, with the cmdtyView national average cash bean price at $10.12 1/2, up 1 1/4 cents. Soymeal futures increased by $4 to $4.20, while soy oil futures showed slight declines. Market prices reflect the anticipation of China’s rumored purchase of at least 180,000 MT of soybeans ahead of the Trump/Xi meeting.
Due to the government shutdown, the FAS weekly Export Sales report and large daily sale announcements will be delayed. A Reuters survey estimates soybean sales for the week ending 10/23 between 0.6-1.6 MMT, with meal sales between 50,000-500,000 T and bean oil sales at 5,000-25,000 MT. Meanwhile, Rabobank forecasts Brazil’s soybean production for 2025/26 to reach 177 MMT with planted acreage increasing by 2% to 48.8 million hectares (120.5 million acres).
“`
