Global grain and oilseed markets

On Wednesday, benchmark soybean and corn prices in the U.S. Midwest were mixed, while futures prices moved higher. Soybean futures on the Chicago Mercantile Exchange closed mostly higher on Wednesday as brokers remain hopeful for progress in upcoming trade negotiations with China, the largest buyer of U.S. soybeans, traders said. November soybean futures on the CBOT rose 4 cents to $10.34 3/4 per bushel, and January futures rose 1.5 cents to $10.50 per bushel. However, some deferred delivery contract months closed lower. CBOT December soybean meal futures rose $3.10 to $290.00 per short ton, while December soybean oil futures fell 0.58 cents to 50.07 cents per pound. Market participants are focused on the key meeting between U.S. President Donald Trump and Chinese President Xi Jinping, which will take place next week in South Korea. Trump has said he wants a "fair deal" in trade with China and has repeatedly urged Beijing to resume purchases of U.S. soybeans. Japan's offer to ...