US Pressures China to Fulfill Agricultural Purchase Commitments, U.S. Soybean Futures Post Largest Gain in Over Two Weeks
The US is pressing China to fulfill its agricultural product procurement commitments, driving US soybean futures to record their largest gain in over two weeks. The most active soybean contract on the Chicago Board of Trade rose as much as 0.7% during Monday's session, marking its largest single-day gain since October 23. Previously, soybean prices fell below $12 per bushel last week due to ample supplies and rising concerns over US export demand.
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