Soybeans Rally on Monday

Group 1 - The soybean market experienced gains of 12 to 14 cents, with the national average Cash Bean price rising to $9.58 ¼, supported by product values and positive trade discussions [1] - Soymeal futures increased by $4 to $4.80, while Soy Oil rose by 18 to 34 points, indicating strong product support for soybeans [1] - President Trump expressed confidence in reaching a soybean deal with China, aiming for purchases at levels seen prior to trade tensions [1] Group 2 - USDA reported soybean export shipments at 1.474 million metric tons (54.17 million bushels) for the week ending October 16, which is 42.9% lower than the same week last year but 44.9% higher than the previous week [2] - Mexico was the leading destination for soybean exports, receiving 221,269 metric tons, followed by Pakistan with 167,380 metric tons and Bangladesh with 166,271 metric tons [2] - Cumulative exports for the marketing year 2025/26 reached 5.537 million metric tons (203.48 million bushels) since September 1, marking a 30.9% decrease compared to the same period last year [2] Group 3 - Brazil's soybean planting was reported at 24% complete, ahead of the 18% pace from the same week last year [3] - November 25 Soybeans closed at $10.31 ¾, up 12 1/4 cents, while January 26 and March 26 Soybeans also saw increases of 13 1/4 cents [3]