23.09.2019 (Reuters Africa) - SYDNEY, Sept 23 (Reuters) - U.S. soybean futures edged higher on Monday, rebounding from losses of more than 1% in the previous session, though gains were checked by fears of a protracted trade war between Beijing and Washington.

    * The most active soybean futures on the Chicago Board of Trade were up 0.1% at $8.84 a bushel by 0054 GMT, having

closed down 1.1% on Friday.

    * The most active corn futures were up 0.1% at $3.71-1/4 a bushel, having closed down 0.5% in the previous

session.

    * The most active wheat futures were down 0.2% at$4.83-1/4 a bushel, having closed down 0.8% on Friday.

    * Market eyes any sign of progress in talks to end U.S.-China trade war.

    *  U.S. and Chinese deputy negotiators held "productive" talks in Washington last week aimed at improving their trade

relationship, the U.S. Trade Representative's office said on Friday without offering further details.

    * Chinese officials unexpectedly cancelled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up

two days of talks in Washington.

    * U.S. President Donald Trump said the United States was looking for a complete trade deal with China and that

agricultural purchases from the Asian nation would not go far enough, adding that a comprehensive agreement would take time.

MARKET NEWS 

    * The U.S. dollar rose against a basket of currencies on Friday, for its first weekly increase in three, prompted by

hopes of progress in U.S.-China trade talks and that the Federal Reserve would not lower rates aggressively. 

    * Oil prices gained more than 1% to hit their highest levels in two sessions at the start of Monday's trade as Middle East

tensions remained elevated, supporting prices. 

 Grains prices at  0054 GMT

 Contract               Last      Change  Pct chg     Two-day chg   MA 30   RSI

 CBOT wheat       483.25     -1.00     -0.21%       -0.97%        475.83     56

 CBOT corn          371.25     0.50     +0.13%       -0.40%        368.78     66

 CBOT soy          884.00      1.25     +0.14%       -1.01%        875.18     56

 CBOT rice          12.24     -$0.07     -0.61%       -1.01%         $11.85     69

 WTI crude          58.77      $0.68     +1.17%       +1.10%       $56.33     56

 Currencies                                                      

 Euro/dlr            $1.102     $0.000   -0.01%        -0.22%              

 USD/AUD        0.6768      0.000    +0.00%       -0.31%              

 Most active contracts

 Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight

 RSI 14, exponential

 (Reporting by Colin Packham; Editing by Rashmi Aich)