Global grain and oilseed markets: Soybean prices have risen to the highest level this year.

Soybean prices surged to the highest level this year after Trump surprised the market with a plan to increase sales to China. On Wednesday, soybean prices jumped to the highest level this year after President Donald Trump expressed optimism about the prospects of a deal with China to purchase additional batches of American soybeans. However, the question of whether these plans will come to fruition remains open, creating uncertainty about the potential benefits for farmers and casting doubt on the sustainability of the rise in soybean prices. "However, it should be taken into account that China can still purchase products from the country that proves to be the most competitive," said Darin Newsom, senior market analyst at Barchart, noting that soybean prices from Brazil are lower. In his post on the Truth Social website on Wednesday, Trump said he had a "great" phone conversation with Chinese President Xi Jinping and that he was looking forward to his planned trip to China in ...