Soybeans have a slight increase in Chicago with Trump's retreat

The November soybean contract closed up 0.10%, at $1,007.75 per bushel, while the January expiration rose 0.20%, to $1,025.25. Soybean meal, however, fell 0.34%, quoted at $266.50 per short ton, and soybean oil rose 1.30%, to $50.04 per pound. Despite the modest advance, the movement represented a partial recovery after the sharp declines recorded on Friday, when the market reacted to former President Donald Trump's threat to impose a 100% tariff on Chinese products starting November 1. The measure, coupled with the entry into force of the new mutual port tariffs between the U.S. and China this Tuesday (14), maintained the climate of uncertainty over the global agricultural commodities trade. However, Bessent's statements that the meeting between Trump and Chinese President Xi Jinping, scheduled to take place in South Korea at the end of the month, remains on, helped to ease some of the negative pressure and support prices. For ...