Soy Erases Gains as Trump Says Meeting With Xi May Not Happen

Soybean futures erased earlier gains after US President Donald Trump said a planned meeting with his Chinese counterpart, Xi Jinping, may not happen.

Contracts for January delivery of the oilseed — used in animal feed and green diesel — closed 0.1% lower on the Chicago Board of Trade, ending a three-day winning streak. The commodity had earlier touched the highest price in almost two months on speculation that a looming deal between Washington and Beijing would bolster export demand for US soybean supplies.

Read More: Trump Sees Successful Xi Meeting, But Allows It Might Not Happen

While Trump said ...