Soybeans set for weekly gain as China demand in focus
US soybean futures were lower on Friday but headed for a weekly gain as attention turned to Chinese demand ahead of next week’s Trump-Xi meeting, with support from stronger soymeal prices.
US soybean futures eased on Friday but remained on track for a weekly gain, with Chinese demand in focus ahead of next week's meeting between Presidents Donald Trump and Xi Jinping. Support also came from firmer soymeal prices. The most-active soybean contract CBOT:ZS1! on the Chicago Board of Trade (CBOT) also fell.