Chicago Board of Trade (CBOT) soybean futures traded higher on Friday morning, as traders waited for firmer indications that the United States and China were making progress on the new round of trade talks.
As of 1530 GMT, the most active March soybeans were up 0.5 cent at 9.115 dollars per bushel. May wheat was up 0.75 cent at 4.9175 dollars per bushel. March corn was up 1.25 cents at 3.7675 dollars per bushel.
China and the United States on Thursday morning started the 7th round of high-level economic and trade talks in Washington, as negotiators strive to beat a 90-day deadline that ends on March 1.
China has been the world's top soybean buyer. Any positive development concerning the trade talks between the two sides will naturally boost U.S. soybean prices.
CBOT wheat futures were higher on strong export sales report, and corn futures rose as the U.S. Department of Agriculture forecast tight corn supplies in the current marketing year.
As for weather forecast for agricultural crop, a winter weather advisory is in effect for the U.S. state of Nebraska, parts of the Dakotas into Iowa, Wisconsin, and extreme northern Illinois, according to the National Weather Service.
