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Amanda Brill at Total Farm Marketing said, “Soybean futures are sharply higher to start the day on hope for a China deal. November soybeans are up 9-1/2 cents to $10.29 while March is up 10 cents to $10.60-3/4. December soybean meal is up $4.30 to $285.30 and December soybean oil is down 0.12 cents to 51.01 cents.” Austin Schroeder at Barchart.com said, “With just 2 weeks left for the Crop Insurance discovery for the harvest price, November soybean futures have averaged $10.16 thus far. That is down from $10.54 from the Feb price but up from $10.03 from last year’s fall price.”
