Ag Watch Market Advisors President Dewey Strickler thinks grain traders will need to see concrete numbers on the Phase One Trade deal with China soon. “Some are beginning to question whether China can deliver on $40 billion of agricultural products each year. If they do, it’s above the previous record set in 2013 of $30 billion.” Strickler says skepticism is growing the longer the trade deal is not signed. “It will cost Brazil about $10 billion a year. With the history of political tensions between the U.S. and China, I question China’s motives for doing this. We’ll have to see how this plays out in the weeks ahead.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.