Traders Watch for Jobs Data as U.S. Encourages China Soybean Sales

marketscreener
2026.02.09 18:35
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Traders are closely monitoring upcoming U.S. jobs data and inflation reports, which could influence agricultural commodity prices. Analysts suggest that weaker data may lead to Federal Reserve rate cuts, boosting prices. Recent USDA reports indicate a sale of 246,000 metric tons of soybeans to China, with expectations of increased U.S. corn stocks. Weather conditions in South America and the U.S. Midwest pose risks to production. Meanwhile, coffee, cocoa, and sugar prices have declined, with Arabica coffee futures showing slight recovery.