In what would appear to be a near classic case of buy the rumor/sell the fact, after hearing about the largest single soybean sale to China since April, the bean market turned tail and closed lower yesterday, ending the rally streak at six higher closes in a row. Realistically, this…
Commentary
Free Commentary
Even though the “unofficial” rumblings surrounding the trade negotiations sound encouraging, it would appear that the Chin-optimism in the soy and grain markets may be waning rapidly. Granted, there are still plenty of ambiguous statements such as there are no “arbitrary deadlines,” but increased tariffs are “still on the table”…
Daily Comments
Even though the “unofficial” rumblings surrounding the trade negotiations sound encouraging, it would appear that the Chin-optimism in the soy and grain markets may be waning rapidly. Granted, there are still plenty of ambiguous statements such as there are no “arbitrary deadlines,” but increased tariffs are “still on the table”…