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Soybean futures reached the highest levels since Nov. 18 as traders eyed the potential for further sales of American supplies to China ahead a meeting between US President Donald Trump and his counterpart Xi Jinping.
A reportBloomberg Terminal ahead of the April meeting stated the two sides could extend their trade truce by as much as a year. That’s adding to optimism for American farmers, even as Brazil is harvesting a record crop, which is keeping South American beans cheaper than the US.