China buys American crops again

Crop prices rose significantly in Europe and America this week. In Chicago, wheat increased by 3.8 percent, corn by 2 percent, soybeans by 4.9 percent, and rapeseed by 0.7 percent. In Europe, milling wheat rose by 0.5 percent, rapeseed by 2 percent, and feed wheat by 0.9 percent, while corn became slightly cheaper, decreasing by 0.1 percent. Reports on the agricultural part of the trade truce between the United States and China mention that Beijing is buying American soybeans again, but no information is disclosed regarding corn or wheat. "Corn and wheat are not only excluded from the trade agreement, but they have also shown a negative seasonal trend since the beginning of November," said Brian Hoops, a member of Midwest Market Solutions. "Without news about the trade agreement, there is a lack of positive fundamental information for corn, and even more so for wheat." Signs that China plans to buy 12 million tons of American soybeans this year, and 25 million tons of soybeans ...