The Ag Commodity Corner+ Podcast released on Nov. 3 focused on the last week of October.
Soybeans and soymeal prices surged after a U.S.–China trade truce was reached during the APEC Summit in Malaysia.
While not a full trade deal, the agreement eased tensions between the world’s two largest economies.
China committed to importing 12 million metric tons of soybeans by the end of the year and 25 million metric tons over the next three years (a floor), signaling renewed demand.