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U.S. farmers plow ahead with plantings as China trade war fears ebb

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CHICAGO (Reuters) – the U.S. farmers said they would be planting drive planned before the U.S.

China trade eased tensions and, now that the two countries resumed talks to take a wait-and-see approach to President Donald Trump promises for more sales in China.

To hold over the weekend, the required economies of the world’s two largest economies, not to talk of how China could balance the import of more energy and agricultural commodities from the United States to narrow $335 billion in annual U.S. goods and services trade deficit with Beijing.

The agreement came after Trump threatened to impose, reduce up to $150 billion in punitive tariffs to the trade deficit and combat what he calls Beijing’s theft of U.S. technology. China was threatening the same retaliation, including tariffs on some of the biggest US imports, including soybeans and other agricultural commodities.

The fact that some farmers adjust their planting plans in light of the recent negotiations, they are unsure about the outcome. For many, it is simply too late to change your mind after the purchase of seed, fertilizer, and agricultural chemicals.

“We are so far along in our planting season, we can’t change that,” said John brink, who grows corn, wheat and soy, in Richview, Illinois.

As of Sunday, the farmers planted 81 percent of the U.S. had harvest-corn, 56 percent of American soybeans and 36 percent of the millet, a grain used for animal feed, according to the U.S. Department of Agriculture data issued on Monday.

“Until we see some hard evidence that some important concessions have been made, or so on, and we’re kind of a wait-and-see approach,” said Brink. “We understand this policy is in the game.”

The United States appeared to have won, promises more imports from China, although there are some special features were on Monday.

The farmers said they wanted more details.

“The news is encouraging, but many of us on the farm, some sales personnel, which have been set would like to hear,” said Monte Peterson, a soybean farmer in Valley City, North Dakota.

Kirby Hettver, who are the follow-up soy was a plant on his farm in DeGraff, Minnesota, said he wanted to see a long-term contract in force, before he makes changes on his farm in response to the trade policy.

“I consider it part of the process,” Hettver, President of the Minnesota Corn Growers Association, said the latest Phase of the U.S.-China talks.

“Our plan for this year was already in place. We had bought seeds, fertilizer bought.”

The US Grains Council, the U.S. exports, to accelerate China import approvals of U.S. biotech crops such as corn and reduce tariffs on the shipments of U.S. ethanol and an ethanol by-product known as distillers’ dried grains, Chief Executive Tom genius said.

On Friday, the China anti-dumping investigation fell in the U.S. sorghum, the increased cost for the buyer of the grain.

As a result, the grains Council, dial plans, while China said the investigation to find more buyers in other countries for U.S. sorghum, Ambiguous.

“We are perhaps not quite so aggressive now, because China could come back, as a huge buyer,” he said. “You don’t want to build a large market and then deliver nothing.”

The United States delivered 4.76 million tonnes of sorghum to China in the year 2017, in a value of approximately $ 1.1 billion and make up the bulk of in China to around 5 million tons of imports of cereals, according to Chinese customs data.

Some US farmers instead of scrapped plans to plant sorghum this spring, the decision for corn after China imports stopped the probe of U.S. sorghum.

But Kent Winter, the farms outside of Wichita, Kansas, and is President of the Kansas grain Sorghum producers Association, was plantings in the planning to double its sorghum, if the current trade talks were announced. He will probe the harvest crops on about 400 acres, in about three weeks, in the hope that China continued U.S. imports soon after the termination of their anti-dumping.

“It gives us more confidence to go forward, that we open these foreign markets,” said Winter.