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Soybeans Slump More Than 2% on Potential US-China Talks Delay

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsTrade Policy & Supply Chain

Chicago soybean futures fell more than 2%, slipping below $12.00 per bushel, after news of a potential delay to US-China trade talks. The prospect of delayed negotiations — with China the world’s top buyer of soybeans — weighed on demand expectations and triggered the price drop.

Analysis

Chicago soybean futures fell more than 2%, slipping below $12.00 per bushel, after news of a potential delay to US-China trade talks. The prospect of delayed negotiations — with China the world’s top buyer of soybeans — weighed on demand expectations and triggered the price drop.

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Market Sentiment

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mildly negative

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