Despite doom and gloom reports surrounding ag commodity tariff and trade threats by China, corn and wheat have been holding or trading higher in recent weeks, reports the American Agriculturist. Even soybean futures are recovering after April’s retaliatory threat.
Despite the ambiguity of a potential U.S.-China trade agreement and tariffs on soybeans, beef and more, trade risks for U.S. agricultural processors and protein companies are manageable, reports Bill Densmore, senior director of U.S. corporate research for Fitch Ratings, a global credit and research firm.
