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Markets

CBOT soybeans end up on optimism for US-China trade deal

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* CBOT May soybeans ended up 1-1/4 cents at $9.11-1/2 per bushel. The most-active contract posted a weekly increase of almost 0.14 percent.

* CBOT May soymeal was up $1.40 at $307.4 per short ton, while May soyoil ended down 0.01 cent at 30.24 cents per pound.

* Worries about export competition capped gains. The Brazil 2018/2019 soybean harvest was estimated at 113.027 million tonnes in March versus 112.195 million tonnes in February, INTL FCStone said Friday.

* Brazil's soybean exports are expected to fall in March, according to market participants and shipping data.

* The US Department of Agriculture reported on Friday the US January soybean crush at 182.8 million bushels.

* Bloomberg reported on Thursday afternoon that a summit between US President Donald Trump and his Chinese counterpart Xi Jinping to sign a final trade deal could happen as soon as mid-March.

* Investors are still awaiting confirmation after US Agriculture Secretary Sonny Perdue said Friday on Twitter that China had committed to buy an additional 10 million tonnes of US soybeans.

Copyright Reuters, 2019