Soybeans Post First Rise from 3-Month Lows

source: Reuters

Chicago soybeans edged higher on Tuesday after hitting a near three-month low in the previous session, with abundant global supplies and uncertainty over a U.S.-China trade deal limiting the gains, reportsReuters.

Wheat rose after closing down more than 1% while corn gained for a second session.

Soybeans remained under pressure as traders nervously awaited signs of a deal between the United States and China to end their damaging trade war.

President Trump on Monday said U.S. legislation backing protesters in Hong Kong did not make trade negotiations with China easier but added he believes Beijing still wants a deal.