WILTON, N.D. (KFYR) - North Dakota elevators and farmers are seeing soybean commodity prices rise after President Donald Trump’s agreement with China.

China has agreed to resume U.S. soybean purchases as part of what President Trump is calling a new trade deal. China says it will buy 12 million metric tons of U.S. soybeans this year and at least 25 million metric tons annually over the next three years.

There is no legally binding agreement, however, and experts stop short of calling it a deal.

Wilton Farmers Union Elevator general manager Mark Jennings said that soybean prices have gone up in part due to Trump’s China trip.

“The trade talks that are taking place right now are starting to move the markets some. So that’s a good sign. A lot of farmers are waiting for some price improvem

See Full Page