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GRAINS-Soybeans edge higher as traders hope for U.S.-China trade deal - Reuters

    SYDNEY, Feb 19 (Reuters) - U.S. soybean futures edged higher  on Tuesday as optimism grew about a trade deal between  Washington and Beijing ahead of a visit to the U.S. capital by  China's vice premier.                 FUNDAMENTALS        * The most active soybean futures on the Chicago Board Of  Trade were up 0.3 percent to $9.10-1/2 a bushel by 0129  GMT, having firmed 0.4 percent on Friday. The market was closed  on Monday for the Presidents Day holiday.      * The most active corn futures were up 0.3 percent to  $3.75-3/4, having closed unchanged in the previous session.      * The most active wheat futures were little changed at  $5.04-3/4 a bushel, having closed down 0.5 percent on Friday  when prices hit a low of $4.99-1/4 a bushel - the lowest since  Oct 31, 2018.      * Chinese Vice Premier Liu He will visit Washington on  Thursday and Friday to continue trade negotiations with the  United States, the Commerce Ministry in Beijing said.        * The U.S. soybean crush in January was the fourth largest  for any month on record and the biggest ever for the first month  of the year, topping most trade estimates, according to National  Oilseed Processors Association (NOPA) data released on Friday.        * Algeria's state grains agency last week bought 600,000  tonnes of milling wheat at a tender at around $247 to $247.50  per tonne, cost and freight included, European traders said.  That was about $15 per tonne cheaper than an Algerian purchase  in early January.                 MARKET NEWS        * The dollar held steady against its peers on Tuesday,  lacking strong direction as U.S. markets were shut for a holiday  the previous day, while the euro's latest bounce slowed as the  focus drifted back to the economy and European Central Bank  policy.        * U.S. oil prices hit a three-month high on Tuesday, buoyed  by production cuts led by the Organization of the Petroleum  Exporting Countries.        * Wall Street rallied on Friday, with the Dow and the Nasdaq  posting their eighth consecutive weekly gains as investors grew  hopeful that the United States and China would hammer out an  agreement resolving their protracted trade war.              DATA/EVENT AHEAD (GMT)  0930  Britain  Unemployment Claimant Count Jan  0930  Britain  Employment Change  Dec  0930  Britain  Average Wk Earnings 3M YY Dec    1000  Germany  ZEW Economic Sentiment  Feb  1000  Germany  ZEW Current Conditions  Feb  1300  Russia  Unemployment Rate  Jan  1500  U.S.  NAHB Housing Market Index  Feb  ECB Vice President Luis de Guindos participates in a panel  session at the 2019 European Parliamentary Week in Brussels.             Grains prices at  0129 GMT   Contract       Last   Change  Pct chg  Two-day chg   MA 30  RSI    CBOT wheat   504.75     0.50   +0.10%       -0.44%  517.51    30   CBOT corn    375.75     1.00   +0.27%       +0.27%  377.93    44   CBOT soy     910.50     3.00   +0.33%       +0.77%  913.67    47   CBOT rice     10.09    $0.00   +0.00%       -0.93%  $10.55    14   WTI crude     55.72    $0.13   +0.23%       +2.41%  $52.97    71   Currencies                                                         Euro/dlr     $1.130   $0.000   -0.04%       +0.09%                 USD/AUD      0.7122   -0.001   -0.11%       -0.24%                 Most active contracts   Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight   RSI 14, exponential      (Reporting by Colin Packham; editing by Richard Pullin)    

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