# Global Soybean Market Watches U.S-China Trade Deal for Direction - Caixin Global

> China's agriculture ministry said U.S.-China trade talks have made positive progress, lifting global soybean prices, though mixed signals from both sides have left the market directionless. CBOT most-active soybeans averaged $341 a ton in October, up about 7% from September, and USDA reported October soybean export prices rose $22 to $345 a ton.

- Date: 2019-11-20 · published 2019-11-20T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/55908-global-soybean-market-watches-u-s-china-trade-deal-for-direction-caixin-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Prices are being held up by expectations of a phase-one purchase commitment, and the market could become volatile if the deal stalls, which affects buyers' forward cover decisions.

## Read by commodity

- SOY: bullish ▲

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2019-11-20/global-soybean-market-watches-us-china-trade-deal-for-direction-101485102.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.