China bought U.S. soybeans for the first time in six months after U.S. President Donald Trump and his Chinese counterpart Xi Jinping met on Dec. 1 and set a 90-day negotiating window to resolve their trade differences.
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MCX Cotton Trend Sideways Trading Zone 20980—23030 levels
Lower cotton shipments from India will allow rivals such as United States, Brazil and Australia to increase cargoes to key Asian buyers such as China and Pakistan, reports said. India is expected to produce more cotton than what is estimated by the Cotton Advisory Board (CAB).