Soybean prices reached a 15-month high Tuesday as the commodity, which makes up the U.S.’ largest agricultural export, is embroiled in the trade war between the U.S. and China that’s affecting American farmers. Soybean prices have risen more than 11% since July last year as the crop has become a major tool in U.S.-China trade negotiations.

Iowa Republicans are urging the Trump administration to move to restore access to foreign soybean markets amid a trade standoff with China.

By Anjana Anil and Pablo Sinha (Reuters) -Gold prices fell below $4,000 per ounce on Monday as signs of a thaw in U.S-China trade tensions reduced some of bullion's safe-haven appeal, while market participants awaited the Federal Reserve's interest rate decision this week.

On the other end of the market. Organon & Co (-21%), Carter’s Inc. (-9.43%), and Newmont Corp (-5.1%) are leading the premarket losses. Other mining and gold firms are also littered among the morning’s decliners, as Gold is seen sagging. Here’s the premarket loser list:

Treasury Secretary Scott Bessent offered rough outlines of an agreement that include China easing rare earth export restrictions and buying “significant” amounts of U.S. soybeans in exchange for President Donald Trump removing his threat of adding 100% tariffs on China.

Soybean futures rose 1% at the open on Monday after Treasury Secretary Scott Bessent flagged that the US and China were close to a trade deal which could include “substantial” purchases of the crop.

China's leaders are vowing to reduce its reliance on foreign advanced technology and spur stronger domestic demand as it weathers “high winds” amid elevated trade tensions with the U.S. An outline of the ruling Communist Party's blueprint for the next five years was laid out in a 5,

S EVEN YEARS ago, when America’s trade war with China was just getting started, the Chinese science and technology ministry did something unusual. Its official newspaper, which usually confines itself to puff pieces about China’s accomplishments,