02/12/2026 Soybeans Remain Responsive to China Trade Talk

02/12/2026 Click Above to Watch the Morning Market Talk Video Soybeans Remain Responsive to China Trade Talk On the Grains Soybean futures surged overnight to their highest level since the beginning of December on hopes for more Chinese demand. Wheat built on Wednesday’s moderate to strong gains and corn traded modestly higher. The South China Morning Post reported Chinese officials expect to extend the trade truce with the U.S. by up to a year when President Trump visits in April. SCMP said, “Extending the informal understanding by up to a year – a step seen by officials as realistic and achievable – would anchor the summit around short-term economic wins that included fresh Chinese commitments,” citing several people familiar with the discussions. For U.S. agriculture — particularly soybeans — a one-year extension of the truce would provide welcome stability after a turbulent year marked by Chinese boycotts and retaliatory tariffs. For Trump, the optics matter just as much. An extended tariff rollback and fresh Chinese buying commitments would offer near-term economic wins ahead of midterms, while allowing both sides to manage competition without triggering another trade escalation. With U.S. soybeans priced far above Brazilian supplies and Brazil in the midst of harvesting a record crop,…