There is no U.S. – China trade agreement until there is one, and yet the mood in the market is blamed on gyrating messages about the negotiations. While Beijing articulates its doubt over an ability to negotiate a Phase Two agreement with President Trump, agriculture should be focused on accomplishment of the Phase One deal. Assuming a Phase One agreement, some advisers are telling the White House that it would be wise to put the trade war on hold, warning China that President Trump will be back for more concessions right after he gets re-elected, thus stabilizing the economy ahead of voters going to the polls next year.  Meanwhile, the Brookings Institute’s Jonathon Rauch argues that humans are tribal first and we acquire...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, China, North America, South America