Soybeans edge higher after China supports U.S. trade talks – Reuters News


  • The most active soybean futures on the Chicago Board Of Trade Sv1 were up 0.1 percent at $8.87 a bushel, as of 0203 GMT, having closed down 0.2 percent on Monday.
  • The most active corn futures Cv1 slipped 0.1 percent to $3.73-1/2 a bushel. In the previous session, the contract gained 0.7 percent, when prices hit a high of $3.74-1/4 a bushel, its the highest since Oct. 17.
  • The most active wheat futures Wv1 slipped 0.2 percent to $5.06-1/4 a bushel, having closed down 0.3 percent on Monday.
  • China is ready to hold discussions and work with the United States to resolve trade disputes because the world’s two largest economies stand to lose from confrontation, Vice President Wang Qishan said on Tuesday.
  • The USDA reported export inspections of U.S. soybeans in the latest week at 1.2 million tonnes. (Full Story)
  • The USDA said the U.S. corn harvest was 76 percent complete, slightly behind market expectations of 77 percent.
  • The USDA said the soybean harvest was 83 percent complete, close to the average trade estimate of 84 percent.

The USDA will issue its latest monthly supply-and-demand report on Thursday.

  • Analysts expect the government to lower its forecast of U.S. corn yield, production and 2018/19 ending stocks. (Full Story)
  • Analysts also expect the USDA to lower its U.S. soy yield estimate, but raise its forecast of 2018/19 soy ending stocks.


  • The dollar stuck to tight ranges against its major rivals on Tuesday as investors favoured caution ahead of U.S. midterm elections later in the day. USD/
  • Oil prices slipped on Tuesday as concerns that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran. O/R
  • The S&P 500 rose on Monday with boosts from financial, energy and defensive sectors as investors showed some caution on the eve of U.S. congressional elections. .N