The man who leads the American Soybean Association is cautiously optimistic about word of negotiations ramping up between the US and China. John Heisdorffer of Keota says a resolution to the trade war would brighten the holidays for America’s farmers.
“It’s a great Christmas present for soybean farmers if we can immediately, like (the agreement) said…have agricultural products bought by China,”
Soybean prices surged Monday following news of the temporary trade truce between the US and China in which Beijing agreed to buy more American ag products. The White House reports the two countries have agreed to hold off on additional tariffs on each other’s goods for 90 days, starting in January, giving both countries more time to resolve the trade dispute. According to Heisdorffer, this is a critical time for soybean producers.