U.S. Trade with China Could Heat Up in 2022
Look ahead to potential situations including the debt ceiling, WHIP+, President Biden’s challenges, and foreign hotspots.
(Farm Journal)
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Naomi Blohm with Total Farm Marketing says the grain markets saw risk off selling by traders heading into the weekend as U.S. Treasury Secretary Scott Bessent was schedule to meet with his Chinese counterpart to lay the groundwork for the U.S. China Summit.
USDA set new ARC/PLC enrollment deadlines this week and added 30 million base acres for 2026 and 2027. Economists say this gives farmers a clearer read on the programs, but warn against chasing whichever pays the most.
Craig Turner with StoneX says corn and soybeans are both consolidating waiting for the outcome of the U.S. China Summit and confirmation of yield from harvest results or USDA.
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