A markets expert is hopeful trade talks can get back on track when President Donald Trump talks with China’s President Xi Jinping later this week.
John Baize is a commodities expert and consultant for the U.S. Soybean Export Council. He thinks “the best we can expect at this point is a resumption of the negotiations that were ongoing when it broke down here last month.”
Baize says there’s evidence China would like to solve the trade disputes.
“What I’ve seen is, number one, in China, there was a back-off of purchasing of soybeans last week because I think people in China hope there is an agreement, which means that they won’t be buying South American beans. They can buy cheaper U.S. soybeans.”
Source: Brownfield Ag News