Sean Lusk at Walsh Trading said, “Soybeans succumbed to a trove of bearish data in early week trade following the release of USDA’s Quarterly Stocks Report. While the data was mostly neutral for soybeans, lacking buyer interest from the top U.S. soybean purchaser continued to cast a dour tone over the complex. Meanwhile, a dive to a nine-and-a-half year low in meal futures exacerbated pressure, though short-covering gains quickly ensued. Trump’s post indicating talks with China regarding soybeans was certainly a catalyst. Harvest continues to progress across the U.S., while plantings in Brazil advance. Weather in South America will become an increasing focus as the calendar year winds down.”