The White House touted over the weekend and again on Monday that China will immediately start buying U.S. agricultural goods. Ag economist Wally Tyner warns with tariffs still in place, that may not be a reality soon.
The cease-fire of an escalating trade dispute between the U.S. and China is igniting hopes of a possible de-escalation drove markets to start of the week, despite retaliatory tariffs still being in place.
Despite the trade truce, Washington insiders believe the announcement will still come out this week. USDA Secretary Sonny Perdue is speaking Monday in Chicago, so that news could hit as early as Monday.