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Aaron Huebner at CHS Hedging said, “The November soybean contract traded down 5 ¾ cents to settle at 10.18 and January finished down 4 ¾ cents to settle the day at 10.37. Soybean meal and soybean oil both traded lower on the day.” The Hightower Report said, “The bullish sentiment shift this week may last longer on optimism Trump can convince China to purchase U.S. beans when the 2 sides meet at the APEC summit in South Korea in early November. The chances of aggressive selling ahead of the meeting has been reduce further following Treasury Secretary Bessent’s comments last night that a “breakthrough” could be announced at the next round of talks.”
