January Soybean futures closed sharply higher, achieving an outside reversal higher day on news of the US-China trade agreement. China's commitments include purchasing 12 million metric tons of US soybeans for the current marketing year and 25 million metric tons over the following three years. These purchase volumes are considered attainable by the market, providing a significant bullish factor. The strong price action pushed the Relative Strength Index for January Soybean futures to $77.5$, indicating overbought conditions. With the trade deal details now known, attention is expected to shift to domestic production. There are concerns that the national average yield has fallen below the last USDA estimate of 53.5 due to a very dry August. Any decrease in the production number, combined with the new Chinese demand, could lead to a tighter US soybean balance sheet.