Corn and soybean markets are trending higher on the news of China planning to accelerate purchases under the phase one trade deal.
Secretary of State Mike Pompeo and China’s top foreign
policy person have been talking at meetings in Hawaii this week. Pompeo
tweeted Thursday that Chinese officials recommitted
to honoring the obligations of the phase one trade deal.
Bloomberg reports Chinese importers increased U.S. soybean
purchases after Beijing wanted to stop U.S.