China Ag Purchases Get Pandas Not Paperwork for U.S. Grains

China ag purchases stayed unconfirmed after the Trump-Xi meeting, and grain futures fell as speculators with heavy long positions took profits. Mike Castle, StoneX Senior Commodities Economist, explains how soybean, corn and wheat markets are reacting to the missing purchase details. Markets are still waiting for confirmation of $17 billion in non-soy purchases, a gap weighing hardest on corn and wheat, while unconfirmed reports have Chinese buyers asking about DDGS and other corn co-products. After the last two rounds of U.S.-China talks, details arrived days later in White House fact sheets released over the weekend. 0:00 Trump-Xi Meeting Sinks Grains 0:55 China Non-Soy Buying in Limbo 1:22 Corn and DDGS Rumors Swirl 2:08 White House Fact Sheet Pattern 3:25 Weekend Headline Risk Looms 5:07 U.S.-China Thaw Aids Ag Demand Discover Actionable Markets Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_mike_castle&utm_content=share Like and subscribe for more financial market insights. #Soybeans #Corn #StoneX #MikeCastle