Teucrium Soybean Fund

SOYB

Market cap $57M

Secretary of Agriculture Brooke Rollins on CNBC's 'Squawk Box' discussed the state of China's pledge to purchase 12 million metric tons of soybeans by the year's end, despite only having purchased 1.5 million to date.

China's purchase of over 1M tons of U.S. soybeans revives ag-sector optimism and puts ETFs like SOYB, PDBA, and TILL in sharper focus.

Both rivals are intensifying their efforts to reduce their vulnerabilities, and there are indications that some commitments under the deal might not be fulfilled.

CNBC's Eunice Yoon speaks with a delegation of American farmers at an import fair in Shanghai, asking whether they're optimistic about selling more soybeans to China as trade tensions ease.

U.S. farmers are hoping that the soybean business picks up after President Donald Trump's recent meeting with Chinese leader Xi Jinping. Illinois soybean farmer Scott Gaffner said he came to the China International Import Expo to save his China business.

China has made a pledge to buy U.S. soybeans over the next few years, fueling hope for farmers who have been caught in the middle of a trade war between the two nations. Yet the damage to the U.S. agricultural market may have already been done.

A deal that is being touted as a win looks more like a return to the status quo.

President Trump said China would end its boycott and resume buying millions of tons of American soybeans.

Trade truce hopes lift agricultural ETFs like SOYB, CORN, and TAGS, signaling a potential rebound for the U.S. farm sector.

With China stepping back from U.S. soybeans, investors are eyeing opportunities in the grain market. Sal Gilbertie, CEO Teucrium Trading explains.