Reported 2 days ago
Soybeans are facing losses of 13 to 14 cents in trading, with the national average cash price falling to $9.35 1/4. Soymeal futures are down $4 to $4.20, while soy oil futures have decreased by 85 to 90 points. Sales data revealed a significant drop in shipments compared to the previous week, with Egypt being the largest destination. The market is reacting to the lack of Chinese purchases and ongoing trade negotiations following a recent conversation between Trump and Xi.
Source: YAHOO