Chinese and U.S. leaders held a phone conversation, during which China considered increasing agricultural product purchases, including raising soybean procurement for this season to 20 million tonnes. U.S. soybeans surged significantly, while domestic soybean-related products followed with slight gains. However, the market remains concerned about the potential negative impact of ample soybean supply on prices. Additionally, market reports last night indicated that China purchased three shipments of Canadian rapeseed for April-May delivery. Domestic soybean and rapeseed supplies for the second and third quarters are expected to remain ample, putting continued pressure on forward-month basis differentials. Attention is focused on inter-month spread strategies.