Economics
The Latest Sign of a U.S.-China Trade Truce: Corn
- China may start buying American corn as soon as Jan.: sources
- Various options on how to handle the tariffs being discussed
Photographer: Luke Sharrett/Bloomberg
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Corn futures gained on Friday after Chinese officials were said to be preparing to restart purchases of American supplies as soon as January in another sign that China is working on a lasting detente with the U.S.
The Asian nation may buy at least 3 million metric tons of U.S. corn, according to people familiar with the discussions, who declined to be identified as the information is confidential. Corn for delivery in March gained as much as 0.8 percent in Chicago as soybeans and wheat declined.