Soybean Bulls Pushing Higher

Group 1 - Soybean contracts are experiencing a rally, with prices increasing by 6 to 7 cents at midday, and the national average cash bean price rising to $9.43 3/4, which is up 6 3/4 cents [1] - Soymeal futures have increased by $3.60 to $3.70, while Soy Oil remains steady or slightly higher by up to 9 points [1] - November soybean futures have averaged $10.15, which is a decrease from $10.54 in February but an increase from $10.03 in the previous year's fall price [1] Group 2 - President Trump expressed optimism regarding relations with China ahead of an upcoming leaders meeting, stating that the 100% tariffs on China are not sustainable [2] - Current prices for November 25 Soybeans are at $10.17 1/4, up 6 1/2 cents, with nearby cash at $9.43 3/4, up 6 3/4 cents [2] - January 26 Soybeans are priced at $10.35 1/4, and March 26 Soybeans at $10.50 1/2, both showing an increase of 6 3/4 cents [2]