🌱 Soybeans Steal the Spotlight
Soybean market pushing toward the top of its 4-week trading range
Soybean meal surged → up $13+ on July contract
Key driver: 100,000 metric tons of soybean meal sold to Italy
Strong global demand (even from Europe) showing:
Buyers still need U.S. grain
Market less dependent on China (for now)
Potential upside catalyst:
If China steps back in late April/early May ahead of Trump’s May 15 trip
Could push July beans back above $12
📊 Current Soybean Prices
May Beans: +12¼ → 1177¾
July Beans: +11½ → 1192½
November Beans: +7 → 1159½
Soybean Oil: -53 → 67.09
Soybean Meal (July): +13.10 → 329.50
