Prices for soybeans and oilseeds in anticipation of negotiations, the U.S. and China

the U.S. and China can before the end of the year to stop a trade war that has been ongoing since the summer. Yesterday D. trump told reporters that does not exclude the possibility of signing an agreement with China during the G20 summit, November 30 - December 1 will be held in Buenos Aires, as China wants to solve the problem with import duties.

the meeting of the leaders of the two countries to be held on 1 December, after the summit in the format of a working dinner.

However, the US does not plan to cancel restrictive measures against Chinese goods while China will not change its trade policies.

But the resumption of negotiations in November and the promises of the politicians to finally resolve the issue at the G20 summit, significantly supported the price of soybeans, which has increased since the beginning of the month by 3.8% to 324,4 $/t

Cancel import duties on U.S. soy can cause a spike in prices, and their recovery to the level prior to the introduction of fees.

This may significantly affect the prices of other oil, which continue to decline under the pressure of low demand.

oil Prices fell again after brief recovery and are trading in negative zone. Brent oil is trading at the level of 61.9 $/barrel, and WTI - 53,2 $/barrel.

a Temporary increase in oil prices supported the price of palm oil, which rose yesterday by 1% to 490,3 $/t. However, hopes for strong growth in the prices of almost no, because palm oil stocks in Indonesia and Malaysia will increase in the next two months as demand from key buyers usually slows down during this period because palm oil hardens at low temperature and becomes non-transportable.

Prices for sunflower oil continue to decline and have dropped to 630-635 $/t FOB Black sea. But the decline in prices of soybean oil and season reducing the supply of palm oil will give an impetus to the growth of demand for Ukrainian sunflower oil in the short term.