U.S. soybeans rebound over China trade hopes, bargain buying

Source: Xinhua| 2019-02-13 01:48:50|Editor: huaxia
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CHICAGO, Feb. 12 (Xinhua) -- Chicago Board of Trade (CBOT) soybean futures rebounded on Tuesday morning following a sharp decline during the previous session.

Market watchers said bargain buying and China trade hopes led to the rally of soybeans.

A new round of high-level trade talks between the United States and China will be held in Beijing later this week. Market participants are keeping a close eye on the talks, hoping for progress which they believe will support more U.S. agricultural export sales to China.

As of 1631 GMT, soybeans for March delivery were up 5.25 cents to 9.1025 U.S. dollars per bushel. March corn was up 2.5 cents at 3.7525 dollars per bushel. March wheat was down 0.75 cent at 5.175 dollars per bushel. Enditem

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