GRAINS-Soybeans: traders hope trade deal between China and the United States | Agricultural products



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                SYDNEY, Feb 19 (Reuters) - US soybean futures have risen slightly
Tuesday as optimism grew about a commercial deal between
Washington and Beijing before a visit to the US capital by
Vice Premier of China.

FUNDAMENTALS
* The most active soybean futures contracts of the Chicago Board Of
Trade increased 0.3% to 9.10-1 / 2 USD a bushel here 0129
GMT, s being firmed at 0.4% on Friday. The market was closed
Monday for President's Day.
* The most active corn futures increased by 0.3 percent at
$ 3.75-3 / $ 4, after closing unchanged at the previous session.
* The most active wheat futures were little changed at
$ 5.04-3 / $ 4 a bushel, closing down 0.5% on Friday
when prices reached a minimum of $ 4.99 1/4 a bushel - the lowest since
October 31, 2018.
* Chinese Vice Premier Liu He will visit Washington on
Thursday and Friday to continue trade negotiations with
United States, said the Ministry of Commerce in Beijing.

* The US soybean crush in January was the fourth most important
for any registered month and the largest ever recorded for the first month
year, exceeding most estimates of trade, according to National estimates.
Data from the Oilseed Processors Association (NOPA) released Friday.

* The Algerian national grain agency bought 600,000 products last week
tons of wheat miller at a tender of about $ 247 to $ 247.50
per tonne, cost and freight included, said European traders.
It was about 15 dollars a ton cheaper than an Algerian purchase
early January.

MARKET NEWS
* The dollar is held against its peers on Tuesday,
lack of direction as US markets were closed for holidays
the previous day, while the last rebound of the euro slowed while the
Attention has returned to the economy and the European Central Bank
policy.
* US oil prices hit Tuesday their highest level in three months, supported
by production cuts led by the Oil Organization
Exporting countries.
* Wall Street gathered Friday, with the Dow and Nasdaq
posting their eighth consecutive weekly gain as investors increased
hoping that the United States and China will commit to a
agreement solving their long trade war.

DATA / EVENT BEFORE (GMT)
0930 Great Britain Job applicants account Jan
0930 Great Britain Change of employment dec.
0930 Great Britain Average Earnings in WK 3M AA Dec
1000 Germany ZEW Economic Feeling February
1000 Germany ZEW Current Conditions Feb
1300 Russia Unemployment rate January
US Housing Market Index 1500 NAHB February
ECB Vice-President Luis de Guindos participates in a panel
session of the 2019 European Parliamentary Week in Brussels.

Cereals prices at 0129 GMT
Contract Last modified pct chg chg MA 30 RSI two days
Wheat CBOT 504.75 0.50 + 0.10% -0.44% 517.51 ​​30
Corn CBOT 375.75 1.00 + 0.27% + 0.27% 377.93 44
CBOT soya 910.50 3.00 + 0.33% + 0.77% 913.67 47
CBOT Rice $ 10.09 0.00 + 0.00% -0.93% $ 10.55 14
Gross WTI 55.72 $ 0.13 + 0.23% + 2.41% $ 52.97 71
Coins
Euro / dlr $ 1,130 $ 0,000 -0.04% + 0.09%
USD / AUD 0.7122 -0.001 -0.11% -0.24%
Most active contracts
Wheat, corn and soybeans US cents / bushel. Rice: USD per quintal
RSI 14, exponential

(Report by Colin Packham, edited by Richard Pullin)
  
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