10/27/25 Afternoon CommStock Report – The Wrong and Right Ways to Deal with our President

President Trump says that he expects to finish the framework of a trade deal with China when meeting with Xi Jinping in South Korea on Thursday. Let’s hope that this works out as he suggests it will. The first draft, put together by subordinates that the two presidents are supposed to finish, reportedly has China returning to our Ag markets in some significant way. Details are yet obtuse. Issues could change from what is now known when Presidents Trump and XI meet. US soybeans have become cheaper than Brazilian soybeans but that could change if China actually consummates some US purchases. There is nowhere near enough information yet to base any longer-term conclusions upon but if both sides opened the door to a deal, something is likely to come through it. Right now, nothing is so that would be an improvement. We have an example in Phase 1 of what didn’t work. The Phase 1 trade agreement was never consummated in the manner that US interests were led to believe that it would be. According to the Peterson Institute, China only complied with 62% of what the two-year agreement said they should purchase overall and 77% of what they agreed…