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Phase 1 Trade Deal to Be Signed This Week

Grain markets edge higher as market remains optimistic

China usa

Grain markets edged higher as the market remained optimistic of the signing of the Phase 1 trade deal between U.S. and China this week, which calls for significant purchases of U.S. ag supplies, reports AGWeb.

Market gains were contained by better crop conditions in South America and higher U.S. corn and soybean production numbers from the USDA.

Traders will continue to monitor the signing progress of Wednesday’s trade deal.

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