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US Grain Futures Set for Yearly Rise on China Demand Hopes

Initial US-China trade deal could boost agricultural exports

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US wheat, corn and soybean futures were set to post annual gains after an initial US-China trade deal that could boost agricultural exports helped prices rally toward the end of the year, reports Reuters.

The crop futures were little changed on Tuesday as markets wound down during the last session of 2019 and awaited further details on the agreement struck this month between Washington and Beijing.

President Trump said Phase 1 of the trade deal would be signed on Jan. 15 at the White House and that he would later travel to Beijing to begin talks on the next phase.

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