Soybeans Showing Modest Monday AM Bounce on Easing Trump Comments

Core Insights - Soybean prices are experiencing fluctuations due to trade tensions and market reactions, with futures showing a decline of 14 to 16 cents on Friday and a weekly drop of 11 ¼ cents [1][3] - Brazil's soybean planting progress is ahead of last year, with 14% completed compared to 8% during the same period last year [4] - China's soybean imports have increased in September, totaling 12.87 million metric tons (MMT), up from 12.28 MMT in August [4] Market Performance - November soybeans have averaged $10.19 through the first eight trading days of October, which will be used for crop insurance price discovery [2] - Nearby cash soybean prices are reported at $9.31, down 15 ¾ cents, while futures for January and March 2026 soybeans also show declines [5] Trade and Policy Impact - President Trump's announcement of a new 100% tariff on Chinese goods starting November 1 has created volatility in the markets, although he later reassured that there is no need to worry about China [3]