Soybeans See Buying Following Trump Post

Group 1 - Soybeans experienced late session buying, with contracts closing 10 to 12 cents higher, and the national average Cash Bean price increased by 10 cents to $9.35 [1] - Soymeal futures decreased by $1 in the nearby October contracts, while other contracts remained steady to 80 cents higher; Soy Oil futures rose by 73 to 93 points [1] - The monthly Fats and Oils report was not released due to a government shutdown, but analysts estimated August soybean crush at 196.4 million bushels [3] Group 2 - Futures prices rebounded after early session pressure, driven by President Trump's announcement that soybeans will be a key topic in an upcoming meeting with President Xi of China [2] - Export Sales data release will be delayed, with analysts expecting 0.3 and 1.6 million metric tons of soybeans sold for the week ending on September 25 [4] - StoneX estimates the US soybean crop at 53.9 bushels per acre, a 0.7 bushel per acre increase from the previous month, with total production estimated at 4.326 billion bushels [4]