Soybeans Bouncing Higher on Turnaround Tuesday

Group 1 - Soybeans are experiencing a price increase, with a turnaround of 6 to 15 cents higher, and the national average Cash Bean price is up 6.5 cents at $10.86 1/4 [1] - Soymeal futures are down by $0.80 to $1.00, while Soy Oil futures have increased by 195 to 206 at midday [1] - EU soybean imports from July 1 to March 15 are reported at 8.74 million metric tons (MMT), a decrease from 9.81 MMT the previous year [2] Group 2 - The price of May 26 Soybeans is at $11.61 1/2, up 6 1/4 cents, while Nearby Cash is at $10.86 1/4, up 6 1/2 cents [2] - July 26 Soybeans are priced at $11.76, up 8 1/2 cents, and August 26 Soybeans are at $11.67, up 14 3/4 cents [2] - A meeting between the US and China is expected to be rescheduled for mid to late April, following previous statements about a potential delay [1]