GRAINS-Soybeans fall for first time in three sessions

SYDNEY, Nov 4 (Reuters) - U.S. soybeans edged lower for the first time in three sessions on Monday, though losses were checked amid heightened hopes of an eagerly awaited trade deal between Washington and Beijing.


* The most active soybean futures on the Chicago Board Of Trade were down 0.2% at $9.35 a bushel by 0227 GMT, having firmed 0.5% on Friday.

* The most active corn futures were up 0.9% at $3.86 a bushel, having closed down 0.2% in the previous session.

* The most active wheat futures were down 0.7% at$5.12-1/4 a bushel, having closed up 1.4% on Friday.

* Private exporters reported the sale of 132,000 tonnes of U.S. soybeans to China on Friday morning, the latest in a string of purchases that the top buyer of the oilseed has booked amid talks to end a bilateral trade war that has lasted more than a year.

* China trade talks are making progress and the United States still aims to sign an initial deal this month, although the phase one agreement remains unfinished and some issues will be pushed to a second pact, a White House official said on Friday.

* U.S. Commerce Secretary Wilbur Ross also said on Friday morning that the Phase 1 trade agreement with China appeared to be “in good shape” and likely to be signed in mid-November.


* Major currencies started the week quietly with a holiday in Tokyo making for thin trading conditions and investors waiting to hear the first official speech from the new head of the European Central Bank later in the session.

* Oil prices eased on Monday as traders remained cautious ahead of fresh European and U.S. economic data, despite hopes for some resolution to the U.S.-China trade row that has hurt global economic growth and crimped energy demand.

Reporting by Colin Packham; editing by Uttaresh.V