Chicago Board of Trade soyabean futures ended higher in 2019 on hopes for increased Chinese buying following a recently struck trade deal between Washington and Beijing. The most actively traded contract reached its highest price since June 13, 2018, and ended up 6.8% on the year.
US President Donald Trump said Phase 1 of the trade deal with China would be signed on Jan. 15 at the White House. China has committed to buying more US farm products to ease the countries' bruising trade war, although details have not been announced. Soyaoil eased as Malaysian palm oil futures slipped following a rally near three-year highs.
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