U.S. soybean futures inched up on Monday, rising off a two-week low touched on Friday on hopes for progress in trade talks between Washington and Beijing to settle a conflict that has heavily reduced U.S. agricultural exports to China, reports Reuters.
Meanwhile, corn and wheat futures slipped on expectations a U.S Department of Agriculture (USDA) report later on Monday could give a positive picture of U.S crop conditions and harvest progress.
U.S. and Chinese officials are “close to finalising” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.
