CBOT July soybean futures hit two-month high, closing at $12.29 per bushel, up 2.25 cents.
USDA forecast lower 2026/27 U.S. soybean ending stocks than analysts expected, fueling demand hopes.
President Donald Trump visited Beijing and trade negotiator Scott Bessent held three-hour talks in South Korea on agriculture.
Despite optimism, analysts say no major new soybean orders beyond the October agreement are expected.