China is considering buying more U.S.-farmed soybeans, President Donald Trump said after what he called "very positive" talks with President Xi Jinping on Wednesday, even as Beijing warned Washington about arms sales to Taiwan.

In a goodwill gesture two months before Trump's expected visit to Beijing, Trump said Xi would consider hiking soybean purchases from the United States to 20 million tons in the current season, up from 12 million tons previously.

Soybean futures rallied sharply. Hours after Xi's virtual meeting with Russian President Vladimir Putin, Xi and Trump discussed Taiwan and a wide range of ​trade and security issues that remain a source of tension between the world's two biggest economies. Both leaders publicly affirmed their personal stake in strong relations after the call, ‍their first since ⁠November.

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