Optimism Remains for Phase One Deal with China

Optimism remains for the U.S. and China phase one trade deal. “China’s Ministry of Agriculture and Rural Affairs recently updated their expectations for China’s soybean imports in the 2019 and 2020 marketing year by three million metric tons. I look at this as a sign for China doing what it can to make good on the phase one agreement,” said Mac Marshall, vice president for market intelligence, United Soybean Board. “Looking beyond soybeans, China is making large purchases of U.S. corn.” Marshall was part of the U.S. Soybean Export Council’s monthly webinar series.