<center>https://mentormarket.io/wp-content/uploads/2019/04/corn.jpg</center> <br/><p>China is considering a U.S. request to shift some tariffs on key agricultural goods to other products so the Trump administration can sell any eventual trade deal as a win for farmers ahead of the 2020 election, people familiar with the situation said.</p>
<p>Another person said China would consider shifting the tariffs to make it easier to meet a proposal to buy an additional $30 billion a year more of U.S. agricultural goods on top of pre-trade war levels as part of a final deal. Last July, China had levied punitive tariffs on American goods including soy, corn, wheat, cotton, rice, beef, pork and poultry in response to U.S. duties.</p>
<p><a href="https://www.bloomberg.com/amp/news/articles/2019-04-15/china-said-to-weigh-u-s-request-to-shift-tariffs-on-farm-goods">Source</a></p>
<p>This is a monthly chart going back to 1971 and price seems to love this $320 to $360 band.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-319-1024x503.png" alt="" class="wp-image-15947" />
<p>Price is respecting a longer term and shorter term uptrend line. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-320-1024x501.png" alt="" class="wp-image-15956" />
<p>Price is also respecting the weekly demand at $356. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-321-1024x506.png" alt="" class="wp-image-15957" />
<p>However, if price is going to move higher, it must first break the daily supply at $374, which would also terminate the downtrend on the daily chart. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-322-1024x499.png" alt="" class="wp-image-15958" />
<p>

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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