Soybean prices jump 2% on Trump-Xi meeting expectations

Soybean futures rose 2% to $487/tonne, near a two-and-a-half-year high, driven by market expectations of a de-escalation in US-China trade tensions ahead of a Trump-Xi meeting. The move reflects speculative positioning on potential Chinese demand for US soybeans, though no concrete agreement has been announced. Unsold US soybean production is valued at $10.08 billion, indicating significant market exposure to trade outcomes.