Soy Rises to Highest Since November With US-China Talks in Focus
A grain truck unloads soybeans into a storage bin during a harvest at a farm in Rochester, Minnesota.
Photographer: Ben Brewer/BloombergSoybean futures reached the highest levels since Nov. 18 as traders eyed the potential for further sales of American supplies to China ahead a meeting between US President Donald Trump and his counterpart Xi Jinping.
A report ahead of the April meeting stated the two sides could extend their trade truce by as much as a year. That’s adding to optimism for American farmers, even as Brazil is harvesting a record crop, which is keeping South American beans cheaper than the US.