Soybean farmers hope Trump can pull off eleventh-hour deal with China

Soybean farmers are cautiously optimistic as trade negotiations between the United States and China inch closer to an agreement that is expected to include big purchases of U.S. soybeans.

Exact details of the negotiations are unclear, but Treasury Secretary Scott Bessent struck an optimistic tone over the weekend and said he expects Chinese soybean purchases as part of the deal to be “substantial” and that soybean farmers would be pleased with the agreement.

Soybean futures have shot up in response to the news, up nearly 3% over the past few days, the highest they have been in over a year. Farmers are hoping for a lucrative deal given that China has been a massive importer of U.S. soybeans in years past, but purchases have now ground

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