The markets of soybeans and corn rose on rumors about China's purchase of U.S. soybean

on Friday, the us markets warmed up rumors about the intentions of China in the near future to carry out purchase of agricultural products from the United States, in particular the significant quantities of soy, what Steve Mnuchin reported by phone to the Chinese colleagues.

Such news amid predictions of heat in the Midwestern United States led to the growth of the futures on soybeans and corn on the U.S. exchanges on Friday.

the corn Futures during the session was expensive, but by the end of trading lost growth.

soybean Futures rose 2.2% to 335,6 $/t, however further growth is restricted forecasts of increased production in Argentina and Brazil.

Argentina in the current marketing year will increase compared to the previous season soybean production from 37.78 to 55.3 million tons, while its exports from 3.9 to 8.7 million tonnes.

Brazil, according to the forecast Agency Safras & Mercado, in 2019/20 Mr will collect a record 123,79 million tons of soybeans. Acreage of oilseeds will increase compared to 2018/19 MG 0.8 percent to a record 36,63 million hectares. the US Department of agriculture estimates the harvest at 123 million tonnes, whereas in 2018/19 MG it amounted to 117 million tonnes and the previous record of 122 million tonnes was installed in 2017/18 MG.