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Commodities & Futures News.Soybean Futures Rise.

Nov 15, 2018 10:35

Soybean prices grabbed a bullish bounce Friday, trending steadily higher throughout the session to finish with nearly 1% gains as trade talks with China gained some much-needed momentum today. November futures added 7.75 cents to $8.7525, with January futures also up 7.75 cents to $8.8675.
For the week, soybean speculators cut their net short position by 29,575 contracts to 102,973.
Soybean optimism was generally high Friday, as the U.S. and China resumed high-level trade talks in Washington, D.C.. And a day earlier, Ambassador to China Terry Branstad and USDA Secretary Sonny Perdue held a separate round of meetings to discuss trade issues.