Beans, Corn Feel the Impact of Trade Issues
Wheat, with its highest price in four years, is having a bullish year
While industrial commodities prices have moved lower because of the trade dispute between the U.S. and China, the agricultural sector of the raw materials market has become ground zero for Chinese retaliation for U.S. tariffs.
Seeking Alpha reports trade issues continue to be a bearish noose around the neck of the soybean futures market.
- Corn follows, but energy provides support
- Wheat at the highest price in four years
- Europe and Russia fuel the rise, but expect some near-term selling
- Trade agreement between U.S. and China would shock grain sector