Nicklaus: China wants soybeans, but prices haven’t risen. So how does a farmer plan? (STLToday)

St. Louis Today reported on the latest with trade and soybeans. China has agreed to an increase in the amount of farm products it buys from the U.S., but the price of soybeans, historically the largest item on China’s shopping list, has hardly budged. Senior Research Fellow Joseph Glauber wishes the U.S. and China had spelled out details about when the purchases will happen. “It’s the most bothersome thing about the agreement. They say they are holding back details because they don’t want to roil the markets, but you want the markets to know so farmers can plan.”