Soybeans higher ahead of China news

Soybeans higher ahead of China news

Soybeans were higher on short covering and technical buying. The big news for beans came after the close, with reports the U.S. and China had agreed to phase one of the comprehensive trade deal. Ahead of that, beans were up on optimism the deal would be reached ahead of new U.S. tariffs going into effect December 15th, following a week of mixed rhetoric and messaging from Washington D.C. Wednesday, China bought 585,000 tons of 2019/20 U.S.

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