The price of wheat at the highest level in three months, with the anticipation of American Chinese conversations

The price of wheat recorded the highest level in almost three months, while traders studied China’s cautious approach to US rates, and the market awaits the details of possible discussions between the two largest economies in the world. This comes with the inflammation of a new trade war between Washington and Beijing, which led to the confusion of grain markets over the past week. But the recycling tariffs imposed by China, announced on Tuesday, in response to the first step taken by the United States, is seen as studied and is a sign that Beijing is trying to avoid the worst scenario of acute escalation, according to the analysis of “Bloomberg Economics”. Also read: Most of the Asian stocks rise despite the fear of the burning of the trade war, “the disciplined China and the general friendly tone in the government media and social media before the US deadline indicate an attempt to create the atmosphere to be favorable for the discussions,” according to the report. He added that the US tariffs will not reach the 60% level that US President Donald Trump threatened during his campaign. Fear affects soybeans in the previous session. The grains, including wheat, rose, after Beijing imposed the definitions of customs on US energy and agriculture equipment, but left the crops, to moments of the 10% Trump fees to implement the Chinese goods, which reduced some of the initial losses they incurred. Trump said on Monday that he expected to talk to China within 24 hours, but he has since indicated that the talks could be postponed. However, there is fear that commercial tension between China and the United States could affect agricultural products such as soybeans. In China, soybean meal prices rose on Wednesday, the first day of the market opening to the new lunar holiday. Also read: Poor exports reduce the impact of China’s definitions on US oil “Although agricultural products have not been targeted in Beijing’s anti -procedures, the market is still very concerned about the uncertainty surrounding the China American relations in the future,” according to Rosa Wang, an analyst at Shanghai JC Intelligence Co. Ltd., is a basic commission of the company based in the company. Wang added that soybean prices were also followed by the strongest prices in Chicago, while the weather problems in South America influenced quality in some areas and also supported the international prices of oilseed. $ 10 billion is threatened, China is the largest importer of soybeans in the world, and a large buyer of wheat and wheat. US rates could reduce crops demand, which threatens $ 10 billion or more. Soybean prices, most traded on the Dalian Stock Exchange for basic commodities, rose 3.2%, which is the largest increase during the session in three months. The prices of future soybean contracts in Dalian rose by 2.7%, while palm oil rose by 2.1%. Wheat prices in China increased by 1.1%. Also read: The export of soybeans from Brazil, the largest producer worldwide, at the same time became very expensive, adding Trump’s postponement for a month to customs tariffs with 25% imposed on Canada and Mexico as an outlet for grain markets. The fall in the price of the dollar also contributes to improving the competitiveness of American grains, according to a memorandum issued by CRM Agri.