U.S. soybean futures climbed to a 15-month high and posted their biggest monthly gain in nearly five years on Friday following a rally fueled by the prospect of revived exports to China.
Prime Minister Mark Carney agreed to visit China after meeting with President Xi Jinping on Friday, in an encounter that may have marked a turning point but offered no breakthroughs on trade.
U.S. soybean futures reached a 15-month high on Thursday after President Donald Trump’s administration said top-importer China agreed to buy tens of millions of tons of American crops in the next few years as part of a trade truce.
Chicago | Reuters – Chicago Mercantile Exchange live cattle and feeder cattle futures took a breather on Thursday after falling hard recently on concerns over President Donald Trump’s push to lower U.S. beef prices, traders said. Ranchers continued to oppose Trump’s plan to boost the country’s imports of Argentine beef to reduce U.S. prices and […] Read more
U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January and has committed to buying 25 million tons annually for the next three years as part of a larger trade agreement with Beijing.
Prime Minister Mark Carney will meet with Chinese President Xi Jinping on Friday afternoon in South Korea, the prime minister’s office said on Thursday.
Chicago Board of Trade soybean futures hovered near a 15-month high on Wednesday after trade sources said China made its first purchases from the autumn U.S. harvest ahead of a summit between leaders Donald Trump and Xi Jinping.
Mexican Agriculture Minister Julio Berdegue said on Wednesday that Mexico and the United States have not yet set a date to resume Mexican cattle exports amid an outbreak of the flesh-eating screwworm parasite.
China’s state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country’s first purchases from this year’s U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping.
Chicago soybean futures reached their highest in 15 months on Tuesday, briefly topping $11 a bushel on optimism that the U.S. could reach a trade deal with China as leaders from both countries are expected to meet in South Korea on Thursday.