Second report hits

This is the same as the first report, except from Reuters.

Risk trades have given back the initial pop.

CNBC now reporting three sources saying the deal has been reached. CNBC's Kayla Tausche also report that the US has been trying to drive up ag purchases. The deal was basically offered in October but they've been haggling over agricultural purchases and which tariffs to cut and by how much.

She also reports that the China ambassador will be doing the signing in Washington.