Soybeans drop on lack of China details, CONAB update
5 Articles
5 Articles
Less than 48 hours after his arrival, US President Trump has left Beijing. For host country China, the intended goals appear to have been achieved: breaking the ice, extending the economic truce, and building trust so that the real sticking points can be discussed later. Members of the American delegation are already speaking to various media about trade agreements regarding aircraft, energy, and soybeans. The Chinese side, however, has not yet …
Market gains slip away Friday as China meeting fails to meet expectations
It was another week of headlines moving markets this week. Red River Farm Network’s Jamie Dickerman described it as a “cornucopia of headlines” during the Agweek Market Wrap with Randy Martinson, president of Martinson Ag Risk Management. Dickerman said Presidents Donald Trump and Xi Jinping meeting this week was one of the biggest movers this week and it moved things in a negative way despite initial optimism. It appears there are no new trade …
Soybeans drop on lack of China details, CONAB update
Soybeans were sharply lower on fund and technical selling. While ag trade was discussed with China, including soybeans, nothing concrete has been reported from the meeting as of yet. For now, China will likely continue to buy primarily from Brazil due to the price advantage. CONAB raised its production guess for Brazil another 0.5% to […] The post Soybeans drop on lack of China details, CONAB update appeared first on Brownfield Ag News.
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