By: Dan Hueber – With government reports behind us for now, the attention of the trade quickly returned the U.S./Chinese relationship and was provided the first piece of encouraging news in months; A truce has been called and phase one of a new deal, still in the works, will be…
Commentary
Afternoon Grain Market Recap
By: Jeff Kaprelian Grains had a significant rally today as risk markets rose on Chinese deal optimism. Obviously, the USDA report was bullish soybeans yesterday, and realistically it wasn’t bearish for corn, though the market had that reaction. Also helping markets was the cold snap and snow in the Dakotas….
Afternoon Grain Market Recap
By: Jeff Kaprelian Grains finished lower across the board after today’s USDA report. There was a nervous tone to start the day as the Chinese negotiators arrived, but strong export sales for soybeans along with a daily reporting announcement of a sale to China helped ease concerns. It was announced…