Wheat and corn futures rose after initial US-China trade talks were described as positive by both sides, raising hopes for the leaders’ summit later this week. The most-active wheat futures jumped by as much as 2% in Chicago on Monday, their biggest intraday increase in almost two weeks. The gains reflect optimism that progress in negotiations could ease trade tensions and support agricultural exports.

Market participants are closely watching for further developments ahead of the high-level meeting between the two economic powers.