Soybeans are showing 11 to 13 cents lower trade so far on Friday after collapsing on Thursday. Futures posted 20 to 40 ¾ cent losses across most contracts on Thursday. The cmdtyView national average Cash Bean price was down 36 cents at $11.28. Soymeal futures were back down $3.90 to $6, with Soy Oil futures falling 44 to 83 points. There was 1 delivery issued overnight for May soybean meal wit 8 for bean oil. May soybeans say 41 delivery notices on Thursday evening.
Few details announced following the meeting with President Trump and China’s President Xi left the market hanging. President Trump stated early this morning that China will be buying billions of dollars in soybeans
