Soybeans were higher overnight, drawing on strength from yesterday’s report as well as optimism regarding the U.S. China trade talks. “Poor weather in the Northern Plains also helped to add strength to the market,” says White of CHS Hedging.

Private exporters reported to the USDA export sales of 398,000 metric tons of soybeans for delivery to China during the 2019-20 marketing year, Allendale says.