The clock is ticking for American soybean farmers, who are anxious to cash in on the bumper payday of a “phase one” US-China trade deal, before South American crops become available early next year.
Massive soybean purchases will form a crucial part of any deal, it is expected, but China has repeatedly said that it will only buy according to its market needs.
Brazilian and Argentinian beans will be on the market by late-February, analysts said, meaning that US farmers could miss out to their southern hemispheric rivals if a deal is not reached before then. Both sides have intimated that a deal is close, but as yet, there is no signing ceremony in the works.
Read more at South China Morning Post, <click here>