Allendale Chief Strategist Rich Nelson expects traders to remain very cautious of the China trade agreement until they see actual sales. “We’re all playing with some numbers on this Chinese trade deal. The impact, if it’s fully implementing, would be significant for oilseeds and feed grain,” says Nelson. “The potential is there, but we want to see concrete news first.” Nelson expects the grains to react positively to confirmation of the trade deal. “We are concerned the hog markets already have a good portion of this deal factored in.”
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