Xi-Trump summit may yield farm deal, but China has limited soybean appetite

China and the United States may reach a farm deal at this week's summit that expands Beijing's purchases of grains and meat. However, market watchers do not expect major new soybean buying beyond the commitments agreed in last October's deal, limiting the potential upside for agricultural markets.

Analysis

China and the United States may reach a farm deal at this week's summit that expands Beijing's purchases of grains and meat. However, market watchers do not expect major new soybean buying beyond the commitments agreed in last October's deal, limiting the potential upside for agricultural markets.