A one-year U.S.-China trade truce and apparent better diplomacy efforts between the world’s two largest economies sparked the grain futures market bulls last week.
January soybeans (ZSF26) hit a 13-month high on Friday and for the week rose 55 cents. December soybean meal (ZMZ25) hit a nearly nine-month high and on the week gained $23.40. December corn (ZCZ25) futures last week gained 8 1/4 cents and on Friday hit a four-month high. December soft red winter (SRW) (ZWZ25) wheat last week gained 21 1/2 cents. December hard red winter (HRW) (KEZ25) wheat rose 23 cents for the week.
