Soybeans are posting midday gains on Thursday following a call between President Trump and Xi. Contracts are up 7 to 9 cents. The cmdtyView Cash Bean price is up 9 cents to $10.09. Soymeal futures are 70 cents/ton higher, as Soy Oil are down 16 points.

President Trump and Chinese President Xi held a phone call this morning to discuss trade, earlier than the Friday date reports previously rumored. Following the talks Trump the call focused almost entirely on trade.

Export Sales data indicated a total of 194,345 MT of soybeans booked in the week of May 29, on the lower side of trade estimates of 100,000 to 500,000 MT in 2024/25 soybean sales. That was back up from last week and 2.5% larger than the same week last year. The top buyer was Bangladesh of 57,500 MT, with 29,600 MT sold to Norway, as China now has 0 MT on the book of unshipped sales. New crop business was just 3,544 MT, creeping in the estimated range of 0 to 100,000 MT. That was a 6-week low.

Soybean meal sales were reported at the low end of the estimated 200,000 MT to 700,000 MT at 264,940 MT. That was a 4-week low in sales. Soybean oil sales totaled 11,780 MT, which fell within analysts estimated, with 5,000 to 35,000 MT in the week of 5/29. That was the lowest in 5 weeks.

Census data showed a total of 2.18 MMT of soybeans shipped in April, up 23.17% from last year. Soybean meal exports totaled 1.346 MMT, a record for the month but down 15.55% from last month. Bean oil shipments were 159,050 MT, a 16-year high for the month.

Jul 25 Soybeans  are at $10.53 3/4, up 8 3/4 cents,

Nearby Cash  is at $10.09 1/1, up 9 cents,

Aug 25 Soybeans  are at $10.47, up 8 1/4 cents,

Nov 25 Soybeans  are at $10.32 1/2, up 7 1/2 cents,

New Crop Cash  is at $9.74 1/4, up 8 cents,