Soybeans are trading higher on Monday, with futures up 5 to 14 cents. Friday saw a decline, with contracts down 17 to 22 ¼ cents. Open interest was up, suggesting new selling interest. USDA reported large daily sales, with China buying 332,000 MT. Crop production data showed a decrease in yield and carryover. Brazil’s soybean crop is 71% planted.

President Trump expects China to increase US soybean purchases. Crop production data shows a decrease in yield and carryover. Brazil’s soybean crop is 71% planted. US soybean futures are up, with soy oil futures down. NOPA data will be released, with expectations for increased crush and soybean oil stocks.

Brazil’s soybean crop is estimated at 71% planted, lagging behind last year. Soybean prices closed lower on Friday. The national average cash bean price was down. Expectations for NOPA data are for increased crush and soybean oil stocks. President Trump expects China to increase US soybean purchases.

Read more at Yahoo Finance: Soybeans Rallying Back on Monday Morning