News of the trade talks pushed prices on the exchanges

2019-01-18 12:31:35
Machine translation
News of the trade talks pushed prices on the exchanges

Yesterday, soybean futures, corn and wheat on the U.S. stock exchanges have recovered to levels that were in the early weeks after publication of information about the possible actions of the U.S. government in the negotiations with China for the transaction.

 

soybean Futures rose to a maximum of 6 days before 333,12$/ton, the corn futures added 2% and is trading at 149,28$/t, while wheat futures rose 2.5% to of 190.55$/t. an Additional driver in the price of wheat were the rumors about the purchase of a batch of American wheat from China.

 

According to the Wall Street Journal U.S. officials are discussing the possible cancellation of Washington imposed import duties on Chinese goods to encourage China to act more serious in the trade war. Treasury Secretary Stephen Mnuchin stands for the partial or full abolition of tariffs on Chinese goods to conclude commercial transactions and to seek support from China in joint long-term reforms.

 

This position supports the United States trade representative Robert Leitheiser who believes that any act can be seen as a sign of weakness.

 

But according to press reports, U.S. President Donald trump wants to conclude an agreement with China to March 1, so probably will support the position of the Minister of Finance.

 

the Next round of negotiations will be held in the United States on January 30-31, when the Washington visit, Vice Premier of the state Council of the PRC Liu he .

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