trade talks: State-owned grain trading company COFCO said Saturday that it had again purchased millions of tons of US soybeans, a move to implement the consensus reached by the two countries' top leaders, according to a statement published on its website, according to Global Times China. The latest round of China-US trade talks made important progress for the current stage the two sides had candid, specific and constructive discussions, the Xinhua News Agency reported. File photo VCG Recent trade talks between China and the US have yielded positive results, laying the foundation for reaching a deal before the March 1 deadline and sending out positive signals to global markets. Global markets were cheered up on Friday over progress reached in the latest talks between the world's two largest economies, as the escalated trade war had sent turbulence through the markets and darkened economic outlook worldwide. Soybean futures on the Chicago Board of Trade CBOT rallied almost 2 percent on Friday to a seven-week high after China's commitment to buy more US agricultural products, like 5 million tons of soybeans which US President Donald Trump described as a tremendous purchase. Stock markets posted mixed gains Friday, with US futures set for a modestly higher open, but European shares gave back early gains, according to US financial site thestreet.
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