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Soybean futures traded around $13 per bushel, moving sideways near their highest since December 2023 as traders awaited details from an anticipated US-China summit and signs of renewed Chinese demand for US crops. Markets are looking for China to announce specific purchases of US agricultural products or remove its 10%
Soybean futures hover below $1,160 per bushel in a sideways range near multi-week lows as a USDA cut to the 2026 yield is weighed against a record crop and higher ending stocks, plus a China demand sale.