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Barchart columnist Darin Newsom argues the Monday soybean rally of over 30 cents from the session low was driven by President Trump's comments about more Chinese sales. He notes that China typically buys US secondary supplies at this time of year and that cash, basis and spread data had already been signaling firmness since late September.
The rally is largely seasonal and headline-driven, so fundamental support from basis and spreads may underpin prices even if the political deal's details remain limited.
barchart.comDarin NewsomNov 17, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
