While there was very positive news about trade with China on Friday, Bolt Marketing market analyst DuWayne Bosse says there were few details. “We had China buying $40 or $50 billion worth in U.S. ag groups, but what is the timeframe?” said Bosse. “Over the weekend, I learned those purchases wouldn’t start til 2022, I think, and would be over a two-year time period. That isn’t really anything different than what they were doing before so we lost some of the bullish optimism overnight.” Bosse says China has a reputation of reneging on trade agreements, which is a concern with the negotiations not finalized.
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