Chicago Board of Trade soyabean futures rose on Friday on signs of progress in US trade talks with top global soya buyer China, including prospects for a partial trade deal that could include sales of US agricultural products, traders said. CBOT November soyabeans settled up 12-1/2 cents at $9.36 per bushel after reaching $9.39-1/4, the highest on a chart of the most-active soyabean contract since China imposed retaliatory tariffs on US soyabeans in July 2018.

CBOT December soyameal ended up $3 at $310.80 per short ton and December soyaoil rose 0.19 cent to settle at 29.97 cents per pound. President Donald Trump and other US officials signaled good news was coming in trade talks with China, while Beijing indicated it was open to a "partial" deal that would avoid a planned hike in tariffs on its goods. Officials, including US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He, ended a second day of talks in Washington on Friday. Liu is scheduled to meet Trump at the White House at 2:45 p.m. EDT (1845 GMT), according to the White House public schedule.

Additional support stemmed from snow and freezing temperatures that threaten immature crops in northwestern portions of the US Midwest. Brazilian farmers have planted 9.5% of the expected area of soyabeans in the 2019/20 crop, compared to 21.1% at this time last year and an average of 12.4% over the last five seasons, the ARC Mercosul consultancy said. India's soyabean output in 2019 is likely to fall nearly 18% from a year ago to 9 million tonnes as excessive rainfall hit the oilseed crop in the top three-producing states, an industry group said.