A trade war between China and the U.S. – with the potential application of over $200 billion of duties – has been averted for now after ministerial talks between the two countries reached a set of tentative agreements. The most tangible outcome is a Chinese commitment to buy more U.S. agricultural and energy products. That echoes similar commitments made by President Xi to President Trump last November and follows the termination of a sorghum investigation last week. U.S. exports of soybeans (the most likely focus for increased Chinese purchases) fell 12% in 1Q 2018 including a 24% slump...