Soybean futures rallied and closed above key moving averages. 9/4/25

November Soybean futures closed marginally higher, reversing earlier losses and closing back above the 50, 100, and 200-day moving averages. The market is monitoring colder temperatures in the Midwest, as a hard frost could damage crops. The weekly export sales report is due Friday, with a wide range of expectations from 500,000 to 1.6 million metric tons. A key question for the market is whether China will be a significant buyer on this report.

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