Soybeans Sail on Export Demand

Even though the USDA recently projected a 49.4 bushel per acre national average soybean yield and record size bean crop, large exports to China and elsewhere helped prop up prices early in the week.

Though some deals were cancelled, thoughts that China could increase U.S. bean imports for livestock feed helped fuel a rally in America’s high-protein crop, helping November soybean prices recover to a two-week high near $9.47 on Friday.