Source: AGWEB, 12/3/18


The cease-fire between the U.S. and China sent soybeans higher, with prices ending the day up double digits. Purdue University agricultural economist Wally Tyner said the meeting Saturday night was a step in the right direction. “I think it's a meaningful process in the sense that it limits the escalation,” said Tyner. That escalation would have manifested in a tariff on all $267 billion worth of Chinese imports of 25 percent, up from the current 10 percent. 

For more of this story, click here.