Wheat, Soybean Futures Decline in Overnight Trading

U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January and has committed to buying 25 million tons annually for the next three years as part of a larger trade agreement with Beijing.

Soybean trading. tariffs, weather in the midwest.

China’s state-owned COFCO bought three U.S. soybean cargoes. the country’s first purchases from this year’s U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping.

Soybean, grain futures higher overnight; Ethanol production falls to lowest in four months