Soybeans rise in Chicago with optimism about China

Soybeans closed higher on Monday (20) at the Chicago Board of Trade (CBOT), driven by positive expectations surrounding trade relations between the United States and China, as well as an increase in soybean export inspections. The information is from TF Agroeconômica. The November soybean contract recorded an appreciation of 1.20%, closing at $1,031.75 per bushel. The January contract advanced 1.28%, ending the day at $1,050.00. In the derivatives segment, soybean meal for December rose 1.42%, quoted at $285 per short ton, while soybean oil closed with a slight increase of 0.35%, at $51.31 per pound. According to analysts, prices were supported by statements from former President Donald Trump, who mentioned the possibility of new measures to support American farmers and the resumption of Chinese purchases. The market, which lacks recent official data, reacted positively to the statements and projections that China could return to purchasing up to 22 million tons of soybeans from ...