GRAINS-Soybeans rise on Chinese demand hopes; corn, wheat firm
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Soybean prices rose due to improved trade relations between the U.S. and China, with the most-active contract up 0.3% at $11.20-1⁄2 a bushel. Corn and wheat also saw slight increases, but ample global supplies limited their price gains. China announced it would restore soybean import licenses for three U.S. firms and lift a suspension on U.S. log imports, signaling easing trade tensions. Traders are looking for more significant soybean purchases from China, which has pledged to buy 12 million tons of U.S. beans by 2025.
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