Chicago soybeans rise on US-China trade hope; corn firm

Chicago soybean futures rose on Monday on renewed optimism over U.S.-China trade talks after U.S. President Donald Trump said he believed Beijing would agree to a soybean trade deal and will buy U.S. soy again. Chicago Board of Trade most active soybeans ZS1! rose 0.8% to $10.28 a bushel at 1116 GMT. Corn ZC1! rose 0.1% to $4.23 a bushel on concern U.S. crop yields may not be as good as hoped, despite expectations of a record U.S. corn crop. Wheat ZW1! was little changed, down 0.05% at $5.03-1/2 a bushel on bargain-buying after recent price falls. Trade talks between the U.S. and China could be making progress , with Trump confirming last week that he would soon meet China’s president. China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, with Chinese buyers turning to South American supplies during the U.S. trade war. “Soybeans are supported as we start the week with some optimism around China,” said Matt Ammermann, ...