Grains are called to open moderately firmer on optimism surrounding a potential U.S./China trade deal. Comments to the contrary or something new from President Trump could still pop up to sway sentiment for Monday’s trading session. In the Headlines News about the China trade meeting in Malaysia was focused on the Chinese side confirming there had been a “basic consensus” reached while word from the U.S. treasury secretary was that the latest 100 percent tariff threat is now “off the table.” The word “framework” was also used again to suggest that there would be something tangible for President Trump and Xi Jinping to discuss, but nothing complete enough to put signatures on when the two leaders meet Thursday. President Trump announced a 10 percent increase of tariffs against Canada after having suspended trade negotiations last week in response to Canada using clips from Ronald Reagan in an anti-tariff advertisement. More may come from the new spat this week as Trump attends the economic summit in South Korea along with Canada’s Prime Minister Mark Carney. Trump met with Brazilian President Lula on the sidelines of the conference in Malaysia, reportedly agreeing then to immediately continue trade negotiations with their respective teams….
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