Global grain and oilseed markets

The 20-day suspension of the U.S. federal government is likely to end this week, White House economic adviser Kevin Hassett said on Monday. Spot rates for soybeans delivered by barge to U.S. Gulf terminals rose on Monday, traders said, as U.S. President Donald Trump said he believed Beijing would agree to a trade deal on soybeans. Trump said he believed China would resume buying U.S. soybeans after supplies fell to zero in September for the first time since November 2018. During the trade war with Washington, China switched to South American supplies. However, Chinese importers have recently been cautious about buying Brazilian soybeans even if they have not switched to U.S. supplies, one trader said. Last week, trade sources reported that China still needs to secure most of its soybean supplies for December and January, as high premiums for Brazilian cargoes have deterred buyers. Barge prices for soybeans on a CIF basis for October rose by about 2 cents to 77 cents compared to ...