Soybean prices surge on strong export sales, trade deal with Vietnam, and favorable weather forecast.

Soybean prices surged on Wednesday, with contracts up 20 to 26 cents and the national average Cash Bean price at $10.12 1/2. Soymeal futures also saw gains, while Soy Oil was up 110 to 140 points. Thursday will be the final trading day of the week due to the upcoming Independence Day holiday. Analysts are expecting strong export sales for old crop beans and soybean meal, with President Trump announcing a trade deal with Vietnam that benefits US soybean exports. Rain is forecasted in key soybean-growing regions, while soybean prices closed higher across the board.

Read more at Yahoo Finance: Soybeans Rally on Wednesday