US and China reportedly reach trade deal

12/12/19 6:40 PM By Bill Tomson

The Trump administration has reached a tentative trade deal with China, according to news reports that come the same day President Donald Trump tweeted that an agreement was “very close.”

Bill Tomson
Senior Trade Editor

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USSEC CEO Jim Sutter

This week’s Open Mic guest is Jim Sutter, CEO of the U.S. Soybean Export Council. In a matter of a few short months, the value of soybeans has seen an astronomical market spike. Sutter says China’s renewed appetite for U.S. soy is a big reason, but not the only bullish influence in the market. Sutter says collaboration with other commodity organizations and USDA’s Foreign Agricultural Service has helped revive global demand and improve the industry’s balance of trade. Sutter says the U.S. soybean sustainability message is strong and could help other countries achieve their climate objectives. Sutter says the Biden administration's trade agenda will be a critical influence on the soybean market’s long term outlook.

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