Soybeans rebel as the market weighs Chinese prospects

* Soybeans higher on the hope of Chinese demand * Wheat is rising on good demand, wheat follows wheat higher by Heather Schlitz Chicago, – Chicago Soybean futures continued on Thursday, and the previous day’s setback continued, while the market assessed the chances of a resumption in Chinese demand to the comments by the US President Donald. Wheat and wheat, which struck like soybeans with a week’s low, expanded a refusal, using a weaker dollar and signs of fresh demand from wheat importers. The most active soybean contract on the Chicago Board of Trade was 4-3/4 cents to $ 10.17-3/4 per bushel from 09:30 CT. On Wednesday, the contract fell below $ 10 for the first time in seven weeks before returning to the end. US farmers have lost billions of dollars in China, which is the largest soybean importer, but has not yet bought beans at the fall crop amid a trade war with Washington. Trump said in a post on social media on Wednesday that soybeans would be an important discussion topic when he met the Chinese counterpart XI Jinping in four weeks. “It supported soybeans yesterday and we build on it today,” said Karl Setzer, partner at Consus AG. Rising sojail and soybean prices also provided support for soybeans. The post has spurred a little buy, but the adequate offer and China’s continued absence of the US market is likely to achieve any profits. If the US ignores, China has increased the purchases of soybeans from South America, including a large amount of Argentine soybeans last week during a short waiver of export tax. CBOT wheat was 1-1/2 cents to $ 4.18 per bushel and CBOT wheat rose 5-3/4 cents to $ 5.14-1/2 per bushel. A strong demand for wheat and signs of delays in the winter wheat in the US plains has boosted wheat futures, with wheat that has the wheat higher. A US government’s closure since Wednesday, amid political stalemate over budget financing, is likely to delay the release of important USDA data. This article was generated from an automated news agency feed without edits to text.