Skepticism abounds despite U.S. and Chinese officials touting
major progress in trade negotiations.
CHS Hedging brokerage director Kent Beadle says the market seems to be discounting the impact of last week’s so-called “first-phase” agreement.
“I think the Administration was fairly clear that it was going to be three to five weeks before what they had agreed upon in principle was going to be signed. And I think that had a lot of folks in the trade wondering if there wasn’t going to be more backpedaling.”
China’s Ministry of Commerce spokesperson says the two sides
are having specific discussions about the parameters of a deal that reportedly
could result in China purchasing up to $50 billion in U.S.
Continue reading U.S., China breakthrough sparks hope and skepticism at Brownfield Ag News.
