The U.S. Agriculture Department’s closely watched monthly supply and demand forecast will not include Phase 1 trade details about China’s purchase commitments from the recently inked deal, the agency’s top economist said on Thursday.
According to a report atReuters, USDA analysts have not been told buying targets for each farm product included in the trade deal, which called for China to boost its purchases of US agricultural commodities by $40 billion over the next two years, USDA Chief Economist Robert Johansson said in an interview.
"There are a lot of different ways to get the Phase 1 agreement dollar figure," Johansson said. "We do not really know what path that is going to be at this point in the year."
