Trump, Xi Jinping To Meet Thursday In Beijing
Brownfield
An extension ag economist says this week’s meeting between President Trump and China’s president could significantly impact U.S. agriculture.
Chad Hart is with Iowa State University and says, “When it comes to soybeans, from the U.S. perspective we’re still looking to see additional purchases by China given informal agreements.”
He tells Brownfield he expects feed grains to also be a focal point.
“Because we have seen China be more active in buying feed grains over the past six months or so,” he said. “We’ve seen a surge in terms of sorghum sales to China, and that’s leading to some thoughts we could see some corn sales into China.”
Hart says he’s hopeful the Trump administration can address a lack of U.S. beef exports to China.
“The tariff kerfuffle over the past year and a half has been a major part of that,” Hart said.
Soybean and corn futures started the week stronger on optimism about the upcoming trade talks. Trump and Xi Jinping will meet in Beijing on Thursday.