Soybeans rise in Chicago: Understand

The international soybean market started the week on an upward trend, driven by the positive expectation surrounding the summit between the presidents of the United States, Donald Trump, and China, Xi Jinping, scheduled for Thursday. According to analysis by TF Agroeconômica, investors and operators are pricing in the possible advancement in trade negotiations between the two largest economies in the world, which could unlock new Chinese purchases of American soybeans. On the Chicago Board of Trade (CBOT), the November contract rose 2.45%, closing at US$ 1,067.25 per bushel, while the January expiration advanced 2.31%, to US$ 1,085.00. Soybean meal for December registered a 1.39% increase, quoted at US$ 298.2 per short ton, and soybean oil also followed the movement, ending the day with an appreciation of 0.99%, at US$ 50.77 per pound-weight. According to statements by the U.S. Treasury Secretary, Scott Bessent, Beijing should return to acquiring "substantial" volumes of American ...