CBOT Gains as China Securing 2-2.5 MMTs of Cash Soybeans; Wheat Paces Gain on Fund Short Covering
** US/China trade optimism has pushed CBOT soybeans to new rally highs with March futures exceeding the December spot top at $9.28. Cash sources indicate that China has booked 2-2.5 MMTs of US soybeans this AM. This shows that they want to make sure they are good on their word. The soybeans are being sold…