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Soybeans Fall as Traders Await News on Agreement

Markets remain in limbo with no concrete news about broader trade progress

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Chicago soybeans fell on Tuesday as dealers awaited more news on a trade agreement to reopen China’s huge soybean market to U.S. exports.

Reuters reports wheat also fell, while corn was little changed.

“Soybeans and corn markets are today awaiting signs of more progress in the U.S./China trade talks,” Michael Magdovitz, senior agriculture commodities analyst at Rabobank, told Reuters. “The markets remain in limbo with no concrete news about broader trade progress or a ‘soybean solution’ that would reopen the Chinese market to U.S. soybeans.”

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