Soybeans Jump as Bessent Points to Possible Trump-Xi Talk Optimism
Chicago soybean futures touched their highest level in more than two months on Monday, as renewed optimism over Chinese buying lifted sentiment after Treasury Secretary Scott Bessent said the two nations' leaders could discuss "substantial" soybean deals in a possible meeting.
As of 0124 GMT, the most-active soybean contract on the Chicago Board of Trade (CBOT) climbed 1.42% at $10.56-1/2 per bushel, hitting their highest level since August 25.
Markets are closely watching a highly anticipated meeting between Trump and Xi in South Korea this week. Washington has continued to...
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