Soybean Futures Near Two‑Month High on China Demand

CBOT July soybean futures hit two‑month high, closing at $12.29 per bushel, driven by hopes of increased Chinese purchases.
USDA projected 2026/27 U.S. soybean ending stocks lower than analysts expected, supporting bullish sentiment.
President Donald Trump visited Beijing and trade negotiator Scott Bessent held three‑hour talks in South Korea, sparking speculation on a grain deal.
Despite optimism, analysts say no major soybean orders beyond the October agreement are expected.