“The entire soybean complex was higher today with beans up 14-20 cents led by new crop, meal was $1-$2 higher while oil surged over 1 cent lb. July ’25 beans have surged thru MA resistance jumping out to a fresh 6-week high,” Mark Soderberg of ADM Investor Services said. “July ’25 meal has jumped out to a 3-week high with the rally pausing near the 50-day MA at $307.80. Meal closed higher every day this week as speculators unwind a portion of their record short position. New high for the week in July ’25 oil with next resistance at the April high near 49 cents a lb. China has raised tariffs on U.S. imports to 125% while indicating they would not match any further increases by Team Trump as U.S. products are already no longer marketable in their country.”