Soybean futures rose 1% at the open on Monday after Treasury Secretary Scott Bessent flagged that the US and China were close to a trade deal which could include “substantial” purchases of the crop.

Treasury Secretary Scott Bessent offered rough outlines of an agreement that include China easing rare earth export restrictions and buying “significant” amounts of U.S. soybeans in exchange for President Donald Trump removing his threat of adding 100% tariffs on China.

KUALA LUMPUR, Oct 26 (Reuters) - China's top trade negotiator Li Chenggang and Chinese Vice Premier He Lifeng arrived on Sunday at a venue in Kuala Lumpur for a second day of trade talks between the United States and China.

Secretary of State Marco Rubio said Taiwan won't be abandoned in China trade negotiations, emphasizing continued U.S. support amid Beijing's diplomatic pressure campaign.

"FOX News Sunday" host Shannon Bream asked U.S. Trade Representative Jamieson Greer about ongoing trade talks with China BREAM: Soybeans also a huge issue. “Bloomberg” reporting this, saying a country that last year purchased $13 billion of U.

S EVEN YEARS ago, when America’s trade war with China was just getting started, the Chinese science and technology ministry did something unusual. Its official newspaper, which usually confines itself to puff pieces about China’s accomplishments,

U.S. Trade Representative Amb. Jamieson Greer joins ‘Fox News Sunday’ to discuss China’s export limits on rare earth minerals, the global fentanyl crisis and potential next steps for the Trump team.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.