In four consecutive trading sessions, CBoT soybean futures prices reach their highest level in five weeks this morning. An initial agreement in the US-China trade deal improves the prospect that China will soon be buying more US soybeans.
Markets are generally responding positively to the fact that a deal has finally been reached. However, there is still a lack of concrete information on the impact on US exports of agricultural goods in terms of the volume and timing of deliveries.
Source
HANSA Terminhandel
