Soybean futures are posting 5 to 6 cent gains in most contracts on Wednesday, after US/China trade talks concluded. Soymeal futures are up $1.30/ton, with soy oil 18 points higher. Following the 3-day meeting between US and China, a US trade representative stated one of the focuses was China’s pledge to buy a substantial amount of US goods. That is a follow up from earlier talks, with still few details on what, when, and how much will be purchased. With the government shutdown still ongoing, Export Sales data will not be released on Thursday morning.
Jan 19 Soybeans are at $9.12 1/4, up 6 cents,
Mar 19 Soybeans are at $9.24 1/4, up 5 3/4 cents,
May 19 Soybeans are at $9.37 1/2, up 5 3/4 cents,
Jul 19 Soybeans are at $9.49 1/4, up 5 3/4 cents,
Jan 19 Soybean Meal is at $318.90, up $1.30
Jan 19 Soybean Oil is at $28.36, up $0.18
--provided by Brugler Marketing & Management