Soybeans supported by possible trade talks

Soybeans were sharply higher on commercial and technical buying. Thursday morning, President Trump tweeted he and President Xi will meet later this month at the G20 summit in Argentina. Nothing has been officially scheduled, at least publicly, but according to wire reports Xi confirmed the call with Trump and said he wants a better relationship with the U.S. and is willing to meet at the G20. For now, China’s tariff on U.S. beans remains in effect, with another bearish week for export sales.

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