The one thing that is left out of all of them is details. Markets desperately want good news but the reality is there is very little and specifics are almost nowhere to be found.
One fact remains: China is definitely putting its purchases of U.S. soybeans to a complete halt and now factual reports coming out today also reveal China is significantly slowing its purchases of U.S. corn as well. Both sides know where and how to put the "hurt" on. Agricultural exports from the U.S. to China are one of America's main strengths when it comes to trade with the Chinese. This is exactly why President Trump chose former governor of Iowa, Terry Branstad to be the new U.S. ambassador to China due to his intimate knowledge and handling of Iowa's agricultural based economy and home to America's breadbasket, the number one producing state when it comes to soybeans and number 2 in corn (only slightly behind Illinois).
We likely won't see any real details or changes in trade until after the June 12th talks between North Korea's Kim Jong Un and President Trump in Singapore. We'll keep you posted.