Soybean Futures' Momentary Jump Following Trump Social Media Post Shows Potential for Exports
Summary by Agweek
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3 Articles
Soybean futures' momentary jump following Trump social media post shows potential for exports
SIOUX FALLS, S.D. — Soybean futures jumped to a two-week high following a social media post from President Donald Trump on Truth Social. In the post on Sunday, Aug. 10, Trump said that China is worried about its soybean shortage and he encouraged China to quadruple its soybean orders as a way to reduce China’s trade deficit with the United States. The next day, the two sides extended their tariff truce by 90 days. By Thursday, Aug. 14, the soybe…
U.S. soybean exporters risk losing billions of dollars in sales to China this year as trade talks drag on and Beijing has booked Brazilian shipping vessels during the U.S. marketing season, traders told Reuters. Three traders told Reuters that […]
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