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The soybean market has its eye on Trump's dinner date with China's Xi

Traders are hanging on Trump's every word (and Tweet), trying to parse out the future for soybean demand

Donald Trump, Xi Jinping
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The meeting in Washington comes weeks before US President Donald Trump is expected to meet his Chinese counterpart Xi Jinping on the sidelines of the G20 summit | File Photo: Reuters

Shruti Singh | Bloomberg
The soybean market is laser focused on Donald Trump’s dinner date.

Agriculture traders are on edge as the US president prepares to meet Xi Jinping, his counterpart from China, on Saturday amid the Group of 20 meeting in Buenos Aires. The question of the hour: Will the leaders get closer to a trade deal, or at least move to a tariff truce?

As tit-for-tat tariffs ratcheted up between the countries, soybeans became the poster child of the trade war. China started shunning US supplies and Chicago futures tumbled as a result, beleaguering American farmers. In the final days heading into the G-20