Chicago soy, corn and wheat futures gain on optimism

BEIJING: Chicago soybean and grain futures climbed on Wednesday, supported by news of an upcoming meeting between the US and Chinese officials in Switzerland, raising hopes of easing trade tensions. Wheat was also supported by the dry weather in China’s key growing province of Henan.

The most-active soybean contract on the Chicago Board of Trade (CBOT) added 0.86% to $10.50 a bushel, as of 0106 GMT. Wheat rose 0.51% to $5.39 a bushel and corn inched up 0.77% to $4.59 a bushel. US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer are set to meet China’s top economic official in Switzerland on Saturday in what could mark the first step toward resolving a trade war that has disrupted global markets.