Soybeans are showing steady trade on Thursday, with contracts with fractionally mixed trade. The cmdtyView national average Cash Bean price is ¼ cent higher at $9.33. Soymeal futures are down $2.50 to $3.70 on the day, with Soy Oil futures 35 points higher.
Argentina’s suspension of export taxes was lifted overnight, due to hitting the $7 billion target in exports within the first couple days. A Chinese commerce ministry spokesperson urged the US to eliminate “unreasonable tariffs” when asked on the lack of soybean purchases from the US overnight. President Trump mentioned aid to producers using the tariff money, though no specifics were given.
