Grain Futures Rise on Trump-Xi Summit Optimism
Grain futures started the week on an optimistic note ahead of the Trump-Xi summit meeting.
Soybean meal was a standout performer, supporting soybeans as western Corn Belt processors scrambled for supply due to wet weather and harvest delays.
Wheat prices came under pressure following renewed hopes for Russia-Ukraine peace efforts, while wetter weather in the Plains boosted planting activity.
Corn futures faced harvest pressure, and the lack of fresh news from the Trump-Xi meeting disappointed grain bulls as the week ended.