Soybean commentary: Futures up on soyoil climb, expected USDA production cut

Soybean futures rose double digits on the Chicago Mercantile Exchange on Thursday November 7, supported by expectations of a production cut from the USDA in its World Agricultural Supply and Demand Estimates (WASDE) report to be released on November 8 and by the uptrend in soyoil, with market participants expecting potential new trade barriers with China after Donald Trump won the US presidential election.