Soybeans End the Week on a High Note as Trade Tensions Ease

Group 1 - Soybean contracts experienced a rally, increasing by 7 to 9 cents, with November futures rising 12 ¾ cents this week after testing the $10 mark [1][3] - The national average cash bean price rose by 9 1/4 cents to $9.45 ½, indicating a firming basis [1] - Soymeal futures increased by $2.40 to $4.10 on the day, resulting in a $6 gain for December over the week [2] Group 2 - Soy Oil prices were up 24 to 29 points on Friday, with December futures gaining 116 points over the past five trading days [2] - November soybean futures averaged $10.16, down from $10.54 in February but up from $10.03 last fall [3] - President Trump expressed optimism regarding China relations ahead of an upcoming leaders meeting, stating that 100% tariffs on China are not sustainable [3]