SYDNEY, Dec 17 (Reuters) - U.S. soybeans rose for a fourth straight session on Tuesday to a more than one-month peak as the expected finalization of an initial trade deal between Washington and Beijing raised prospects of increased purchases from China.
* The most active soybean futures on the Chicago Board Of Trade were up 0.3% at $9.24-1/2 a bushel by 0156 GMT, near the session of $9.24-3/4 a bushel - the highest since Nov. 11. Soybeans firmed 1.6% on Monday.
* The most active corn futures were unchanged at $3.88 a bushel, having gained 1.8% in the previous session when prices hit a near seven-week high of $3.89-1/2 a bushel.
* The most active wheat futures were down 0.2% at$5.48-1/2 a bushel, having closed up 3.2% on Monday when prices hit a June 27 high of $5.56-3/4 a bushel.
* The rally in Soybeans is being driven by the cooling Sino-U.S. trade tussle. Last week, the two sides announced a “phase one” deal that reduces some U.S. tariffs in exchange for what Washington said would be a big jump in Chinese purchases of American farm products and other goods.
* A very dry autumn in Ukraine caused a nearly 10% drop in winter-wheat sowing, analyst firm APK-Inform said.
* Argentina’s new government hiked export levies on soy, wheat and corn, an official decree showed.
* The British pound fell on Tuesday after reports UK Prime Minister Boris Johnson was seeking a hard line on Britain’s transition period after Brexit, effectively creating a new cliff in its negotiations with Brussels.
* Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline and set to stoke oil demand in the world’s biggest economies.
* Wall Street stocks notched record closing highs on Monday as cooling trade tensions between Washington and Beijing and upbeat economic data from China boosted investor sentiment.
Reporting by Colin Packham; Editing by Aditya Soni
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