DTN Closing Livestock Comment 01/15 16:09
15 Jan 2020
DTN Closing Livestock Comment 01/15 16:09 Phase One Trade Agreement Is Signed There's an overall sense of relief now that the phase one trade agreement is signed, as agriculturist have long awaited this day; with hot and cold relations with China, you cannot assume a deal is done until it's done. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Whether you have the utmost respect for President Trump or bitter feelings for his Presidency, the signing of the phase one trade agreement is done. What we know is that China will buy $80 billion of U.S. ag purchase in the next two years, but the specifics are being kept confidential. Out of respect to China, the U.S. must keep those specifics confidential so that the market isn't tipped.