10/24/25 Soybeans Remain a Headline-Driven Market

10/24/2025 Click Above to Watch the Morning Market Talk Video Soybeans Remain a Headline-Driven Market New Reco Day 1: Roll Nov 10.40 calls to January futures price at the market. Roll Nov 10.20 puts to January futures price at the market. On the Grains Soybeans are modestly weaker early this morning but are up sharply for the week and more than 40 cents above the mid-month low. Demand optimism provided support on Thursday amid an unconfirmed rumor China booked 1.26 MMT of U.S. soybeans. The lack of active follow through overnight signals any optimism is guarded. Corn also pulled back from Thursday’s gains overnight, while wheat pivoted around yesterday’s highs. Corn and wheat are also working on solid gains for the week. With trade talks between top U.S. and Chinese trade officials kicking off in Malaysia and a potential meeting between President Trump and Chinese leader Xi Jinping next Thursday, the soybean market will be hyper-attentive. It’s expected China’s exports of rare earths will be the focal point of the meetings, but soybeans are expected to make it onto the agenda. Trump has said he is prioritizing China resuming purchases of U.S. soybeans, backing off restrictions on rare earth exports…