Fingers crossed! Ahead of the agreement between Trump and Xi Jinping for the sale of soybeans to China, analyst Dante Romano c

After months of negotiations, this weekend the U.S. Treasury Secretary, Scott Bessent, confirmed that the United States and China reached a preliminary agreement that involves the export of "rare earth" minerals and the commitment to resume the purchase of U.S. soybeans. The final seal is expected to be put by the leaders of both countries, Donald Trump and Xi Jinping, in the bilateral meeting they will hold next Thursday, October 30. In the grain market, there is growing anticipation for the demand from the Asian giant, which would buy about 10 million tons as a gesture of goodwill. However, it is anticipated that the price increase will not significantly impact South America. The conditions that motivated this agreement were mutual pressures. In the face of the possibility that China would apply global controls on the export of rare earths, Trump promised to double the tariffs on products from the Asian giant starting November 1. Both measures will be put on "stand by" starting ...