3 Big Things Today, December 4, 2019

1. Soybeans Higher Overnight on Report Trade Deal May Still Happen

Soybeans were higher in overnight trading after a report that said the U.S. and China may actually be closer to a so-called Phase One trade deal despite rhetoric between the countries.

Bloomberg News said in a report overnight that Washington and Beijing are closing in on an agreeable amount of tariffs that would be reduced or eliminated in such a deal, citing people familiar with the talks.