Chicago Soyabean futures edged up on Monday as investors saw signs of thawing relations between Washington and Beijing in the trade dispute that has disrupted flows of the most valuable US agricultural export to China. Soyabeans were poised to end 2018 with an annual decline after the plunge in exports to China coupled with big harvests in the United States and Brazil weighed on prices.

A resumption in Chinese imports of US Soyabeans this month as part of a negotiated truce between the world's two largest economies has helped Chicago prices rebound from a decade low in September. Wheat, in contrast, is set to notch up its biggest annual rise since 2012 after a sharp fall in production in major exporters Russia, the European Union and Australia, making it one of the biggest gainers in commodity markets this year.

Corn has also risen this year as tightening wheat supply fuelled additional demand from livestock feed makers, offsetting concerns about disruption to US shipments to China.

In quiet trading ahead of Tuesday's New Year holiday closure, the most-active Soyabean contract on the Chicago Board Of Trade rose 0.6 percent to $9.00-3/4 a bushel by 1111 GMT.

For the year, Soyabeans are set to drop 6.3 percent, marking a second straight annual decline. The price benchmark hit its lowest in almost 10 years in September at $8.12-1/4.

Copyright Reuters, 2019