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: Financial Confidence: Empowering Women on the Farm

Third episode of our Connecting Women in Agriculture series, we explore the importance of building financial knowledge and confidence in women.

Author and founder of the Trauma of Money Institute, Chantel Chapman, shares her more than 20 years of financial counselling and explores how financial shame uniquely impacts women, especially in agriculture.

You’ll learn aspects of the Trauma of Money Method, Chantel’s framework that empowers women to overcome financial shame, reclaim agency and break free from financial fawning. This session offers practical tools for building confidence, setting boundaries and understanding that financial flourishing is about more than just the numbers.