Soybean Prices Surge on US-China Trade Optimism

CANBERRA: Soybean futures in Chicago experienced their fourth consecutive session of gains on Thursday, fueled by growing anticipation that Washington and Beijing may ease trade tensions. This development raises the possibility of resuming US soybean exports to China.

Soybeans Reach Two-Month Peak

The price of soybeans has ascended to a two-month high, bolstered by optimism regarding the potential de-escalation of trade disputes between the United States and China.

Corn futures demonstrated stability after a decline on Wednesday, influenced by a strengthening US dollar. Meanwhile, wheat prices continued their downward trajectory as rainfall in key US and Black Sea agricultural areas improved supply forecasts.