The results of the trade talks heat up American markets

on Friday it became known that in the course of trade negotiations, China has agreed to buy 5 million tonnes of U.S. soybeans, also announced in December, 5 million t, which was actually contracted by only 2.5 million tons.

Chinese state-owned company confirmed the purchase within the specified agreements of 1 million tons of soybeans from the USA for delivery in April. However, the hopes of traders to boost trade between the countries broke the news that the meeting of the presidents where possible will be signed a trade agreement, will be held on February 27-28.

the Price of soybeans rose on Friday to a 7-week high of 342 $/t, but over the weekend, fell back to the level 336,6 $/t

After the rise in soy complex on Friday slightly increased prices for corn and wheat.

Traders expect the intensification of grain exports from the U.S., since prices are already competitive enough again to get back to the markets of the Mediterranean. China's intent to purchase a significant amount of soy give hope for the further purchase of wheat and corn.

Futures contracts on soft wheat in Chicago on Friday rose to a one-week high.

the March wheat futures rose:

by 3.58 $/t to 186,93 $/t for solid winter HRW wheat in Kansas city

2.02 $/t to 211,46 $/t on a firm spring HRS wheat in Minneapolis.

• 2.85 $/t to 192,63 $/t for SRW soft winter-wheat in Chicago