Phase 1 of US-China trade deal is done and there may be a phase 2 and 3 for more negotiations.
Overall outcome of trade negotiations are positive as US postponed $250 billion tariff on China, in turn China assured to buy $40-50 billion US farm products. Some negotiations on currency front is also done.
Comments from US president and Chinese vice premier comes positive.
We expect move is big positive for global commodities specially. Edible oil complex and Cotton complex.