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For investors, next week could see important announcements with respect to trade deals with Japan and China. President Donald Trump has indicated that a deal has been reached with the Japanese that will open up Japanese markets for expanded sales of US agricultural products.

In order to finalize the deal, however, the Japanese are seeking written assurances that their companies will not be hit by the President's threatened 25% tariff on autos and auto parts coming into the US. The US has given verbal assurances, but it is not clear this will be enough for Prime Minister Abe to sell the deal at home. Stay tuned.

Staff level talks occurred this past week in Washington between trade negotiators from China and the US. In what may have been a negotiating ploy the Chinese team left the US a day early cancelling meeting with farmers in Nebraska and Montana. There is still a hope that the two sides can agree on a date in early October for the principals to meet in DC. Both the Japanese and Chinese talks are aimed at selling US agricultural products to help farmers in the key states the President must win next November. With Trump counting on strong farm country support in 2020, and potential very large sales to China, the Chinese are in a strong negotiating position.

Though the...

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