Soybean futures rallied on China trade talk hopes.

Soybean futures traded higher, with November up 13.5 cents at one point, on possible improvements in China trade discussions, specifically the potential for trading tariff hikes for soybean purchases, injecting hope into the market. This adds to last week's gains. Corn futures were steady, closing up a penny, as a lack of data from unknown yield and export numbers blurred the demand picture, keeping futures in a sideways channel; December Corn futures closed at $4.23.5. Harvest is currently halfway through. Wheat futures were firm, extending slightly higher for a third straight day, with stronger spread prices indicating buying, but prices remain near the five-year lows. December Wheat futures held above the $5 mark.