Soybean Closes Off the Highs, After Rallying to 15 Month High
Update: 2025-10-29
Description
Soybean futures surged on October 29th, with prices rising by nearly five to eleven cents, lifting the national average cash price to over ten dollars and ten cents. Traders are optimistic about the upcoming U.S.-China trade talks, but details are scarce. Despite the futures gains, Brazil's soybean exports are expected to drop by half a million metric tons in October. November soybean futures closed at over ten dollars and seventy-eight cents, up eleven cents, as the market awaits further trade updates.
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