Analysts Waiting For China To Act On Phase One Trade Deal

Analysts in the U.S. are waiting on the Chinese to make their move.

 

Dan Basse is president of AgResource Company in Chicago.

 

"We have this phase one agreement, the agreement was signed on the 15th of January. There's a 30-day period to implement that agreement. That means February 15th, which is this weekend. So next week we'll really start to see if the Chinese have any intentions of buying U.S. grains or ag products. It will be very important to the markets. There may be a little bit of flexibility to coronavirus, but overall the traders here want to see, taste and feel the Chinese demand before they get too rambunctious on the long side of the market."

 

The USDA released its February WASDE report Tuesday morning, which Basse says was very conservative with estimates about the Chinese phase one agreement.

Video: 2025 Soybean Harvest Manitoba

I thought I'd take a quick look back at last fall's harvest before planting begins in spring 2026 - another 5 to 6 weeks from now - weather depending. Here are two New Holland combines taking off the last of the soybean crop for 2025 - it's a small field and conditions were not great. My grandson Matty decided he wanted to fly the drone for parts of the video. He did good for a first tile - he's 10.