United States farmers, facing a challenging year of lower prices and stalled exports, are running low on time to receive relief in the form of a deal between President Donald Trump and Chinese leader Xi Jinping that has China resume purchases of U.S. soybeans.
Soybean prices rose on Monday in anticipation that a deal could be on the horizon. The two world leaders are set to meet soon, and the hopes of farmers were lifted after Trump mentioned his desire to ink a deal involving soybeans. China has been a massive importer of U.S. soybeans in years past, but purchases have now ground to zero as Beijing works to exert leverage against Washington.
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