White House Announcement Puts Soybean Market on High Alert

The soybean market is looking to Monday's announcement from the White House for potential relief. Speculation is building that China will make new agricultural purchases following trade talks between President Xi Jinping and President Donald Trump.

This optimism has led to higher prices in front-month soybean futures on the Chicago Board of Trade, with small losses reported in more deferred contracts.

Corn futures also saw slight gains, mirroring the movement of soybeans. However, wheat futures were lower due to an ongoing selloff.