While China has apparently agreed to purchase U.S. agricultural commodities, details are scarce. Advance Trading Risk Management Advisor Tommy Grisafi is not impressed. “When they say China is going to buy a significant amount of grain, if they bought a boatload, that would be more than before,” said Grisafi. In these trade negotiations, Grisafi says farmers shouldn’t focus on what is said, but by what really happens. “For example, if we start having huge exports this week to unknown destinations, people would take that as very positive news.” October-November-December is the prime selling season for U.S. soybeans and that window is closing.
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