Soybeans modestly higher on China optimism

Soybeans modestly higher on China optimism

Soybeans were modestly higher on short covering and technical buying. Continued cautious optimism about phase one of the deal is China was the big supportive factor. There have been more positive rumblings about the deal, but nothing official, with negotiations about the trade pact in general ongoing ahead of the signing of phase one. Purchases of U.S. ag goods by China will be watched very closely. China’s General Administration of Customs says November imports of U.S.

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