The U.S. and China are still working on a trade agreement. On Friday, China’s Ministry of Commerce reported the U.S. and China had another phone call to discuss the deal. Total Farm Marketing Senior Market Advisor Brian Doherty says a trade deal would give more certainty to the market. “Trade uncertainty has never been good for market price.” According to Doherty, hopes have been dashed throughout different parts of the trade discussions. “China is buying soybeans. They’ve had good faith purchases, but they haven’t had the urgency. One wonders if this isn’t a waiting game. If China is waiting to see what happens to President Trump or if the U.S. is waiting out China until this African swine fever stuff starts to correct itself and they repopulate their hog herd,” explains Doherty. “The biggest issue really is trying to get an agreement in principle with China.”
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