Soybeans are trading higher on Wednesday, with futures rebounding on Tuesday. Cash bean price averages $9.44 1/4. Soymeal futures were mixed, and soy oil futures were up. No USDA Crop Production report due to government shutdown. European Commission reports lower EU soybean imports and meal imports compared to last year.

Secretary Bessent’s aid announcement delayed due to government shutdown. No USDA Crop Production report this week. Analysts estimate yield at 53.2 bpa, down from September. Production expected to be down as well. White House confirms shutdown delaying aid announcement.

European Commission reports lower EU soybean and meal imports compared to last year. Nov 25 Soybeans closed at $10.22, up 4 1/4 cents. Nearby cash price was $9.44 1/4, up 4 1/4 cents. Jan 26 Soybeans closed at $10.39, up 3 1/4 cents. Mar 26 Soybeans closed at $10.53, up 2 cents.

Read more at Yahoo Finance: Soybeans Showing Modest Gains Early on Wednesday