Commodities
US Wheat and Corn Futures Rise on US-China Trade Talks Optimism
US agricultural products are expected to receive a boost from potential new agreements on Chinese purchases. The Chicago market saw wheat and corn futures rise amid positive signals from US-China trade talks.
The most-active wheat contract gained as much as 2%, its biggest intraday rise in nearly two weeks, while corn climbed as much as 1.4%, the strongest gain in 10 days.
Traders are anticipating possible new agreements on Chinese purchases ahead of the meeting between Donald Trump and Xi Jinping later this week.