Friday, December 7, 2018

"Is China Buying Soybeans Yet?"

The question the whole nation is asking.
Two from AgProfessional, Dec. 6:

So how soon will we see U.S. ag start flowing again to China?
Bloomberg News reporting Chinese officials are preparing to restart those imports and specifically U.S. soybeans and liquefied natural gas.

If true, it backs up a statement released over the weekend from the White House that China had agreed to start buying some U.S. products immediately. U.S. traders, however, say they're yet to see evidence any buying has taken place....MORE, including video

And: 
China Isn't Buying U.S. Soybeans, Yet 

Here is the two week chart from FinViz:
https://finviz.com/fut_chart.ashx?t=ZS&cot=005602&p=h1&rev=636797649002615879
The commodity algos, unlike their equity brethren, remain stoic in the face of uncertainty.