Jeff Wilson joined the Pro Farmer team in 2018 as our senior market analyst.
China pledges to buy 5 million metric tons of U.S. soybeans.
Possible Trump/Xi meeting late February to seal a trade deal.
Optimism for U.S. and Chinese negotiators to make progress on reaching some accords to stave off new tariffs on March 1.
Worries about successful outcome from this week's U.S./China trade talks curbs buying interest.
A little more rain next week in Brazil to aid late soybean crops but not cause major harvesting delays.
Market also focused on Federal Reserve FOMC meetings later this week on U.S. monetary policy.
Market waiting for Washington trade talks Jan. 30-31 and weekend weather outcomes in South America.
Light rains in Brazil and more forecast this weekend add pressure to soybeans and corn.
Dry Brazil weather and positive chart signals give markets a boost to start.
Prices fall on reports the U.S. rejected a Chinese preparatory meeting this week ahead of high-level talks scheduled for Jan. 30-31.