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Chicago corn and soybean futures gained.

Aug 4, 2019 11:33

Chicago corn and soybean futures gained on Friday as investors weighed trade talks between the United States and China and expected cooler U.S. weather against uncertainty over acreage levels following a rain-soaked spring.

Wheat also gained on bargain-buying after also falling steeply this week due to the previous weakness in corn and supply pressure from U.S. and European wheat harvests.
 
Traders pondered whether a call on Thursday between senior U.S. and Chinese officials would herald progress in ending a trade dispute that has stalled U.S. soybean exports.
 
Investor sentiment was buoyed too by growing expectations that the U.S. central bank will cut interest rates later this month.
 
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