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Barchart
Barchart
Austin Schroeder

BIZARRE: Soybeans bounce on turnaround tuesday - What They Never Told You

Soybeans close out the Tuesday session with most contracts 9 to 10 ½ cents in the green, as front months were 1 ¾ to 3 ¾ cents higher. The cmdtyView national average Cash Bean price was up 2 cents at $10.82 3/4. Soymeal futures are were 20 cents to $1.30 lower in the front, with Soy Oil futures 137 to 210 points higher. Crude was up $2.52 on the day. 

After statements on Monday that the US/China meeting could be delayed, President Trump stated this morning that they are resetting the meeting with China. The meeting between the two countries is expected to be in mid/late April.

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