# This week in grains, oilseeds, oils & animal nutrition  - Expana

> CBOT November soybean futures rose sharply on Monday, posting their largest one-day gain since July 2023, after recent lows not seen since 2020. The rebound followed President Biden's exit from the presidential race and reduced fears that a Trump win would bring new tariffs on China.

- Date: 2024-07-25 · published 2024-07-25T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/29355-this-week-in-grains-oilseeds-oils-and-animal-nutrition-expana
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower odds of a China trade dispute support U.S. soybean export demand and recover some of the price lost on tariff fears. Traders are reassessing the election-driven risk premium in soybean prices.

## Read by commodity

- SOY: bullish ▲

## Sources

- expanamarkets.com: https://www.expanamarkets.com/insights/article/soybean-oil-prices-surge/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.