Soybeans are near unchanged on Thursday AM trade, with fractional losses. Futures rallied late on Wednesday, with contracts up 6 ¼ to 16 ¾ cents at the close. Open interest was down 701 contracts on Wednesday. The cmdtyView national average Cash Bean price was up 17 cents at $10.98. Soymeal futures were down 70 cents to $2.60, with Soy Oil futures up 90 to 137 points.
The White House stated on Wednesday, that President Trump is headed to China for the rescheduled meeting with China’s President Xi on May 14/15. Press Secretary Leavitt also stated the US is expected to host Xi in DC later this year.
