Grains go green for Phase 1 trade deal — this week in the grain markets



Grain markets ended the second week of December all in the green as news of the U.S. and China finally agreeing to terms of a phase one deal to stall the ongoing trade war. Also supporting prices was the market tracking higher soybean and corn prices in South America, as well as digesting limited changes from the December WASDE report. Included in the terms of the phase one deal is China’s commitment to buy at least $40 Billion of U.S. agricultural goods for the next two years, upping purchases by $16 Billion from the 2017 baseline of $24 Billion. Overall,…

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