Soybean prices are up on Thursday, with front months trading 15 to 17 cents higher. New crop November is also up 8 ¼ cents. The national average Cash Bean price is $10.43 ¾. Soymeal futures are $7.10 to $7.30 higher, while Soy Oil futures are down 22 to 25 points.

The average close for November futures for February is $10.81, determining the spring crop insurance price. This is higher than last year’s $10.54.

Futures are rising after President Trump’s push for China to increase soybean commitments to 20 MMT this season, up from 12 MMT.

USDA’s Export Sales report showed 436,949 MT of soybeans sold last week, down 46.65% from the previous week but up 32.34% from last year. Soybean meal sales were 380,335, and bean oil sales were 963 MT.

Soybean prices for Mar 26 are at $11.08 1/4, Nearby Cash is at $10.43 3/4, May 26 Soybeans are at $11.22, and Jul 26 Soybeans are at $11.33 1/4.

Read more at Yahoo Finance: Soybean Rally Extending to Thursday’s Midday