Market analysts are still trying to understand the details of the new phase one trade agreement with China. Questions remain on the timing of purchases and quantities. According to Summit Commodities market analyst Tim Marsh, China can play hard ball. “I think we’re seeing China traders trying to wait out the market, seeing how far back it will drop before they jump back in and buy.” In the meantime, Marsh says any hint of China business will continue to catch the market’s attention. “I think China will buy U.S. corn and they very well may need U.S. ethanol, but it’s a cat-and-mouse game with them right now.”
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