Soybean Futures Fall After Trump Extends Trade Truce With China

Soybean prices fell back below $10 a bushel, as traders saw news of an extended US-China trade truce as likely delaying major grain-purchasing deals between the nations until late this year.

Contracts for a November delivery had dropped about 1% as of 11:45 a.m. Singapore time, a turnaround from Monday’s 2.4% rise that came in response to US President Donald Trump’s call for China to “quadruple” its purchases of the major oilseed.