It’s hard to talk about soybeans without talking about China, which is by far the world’s No. 1 soybean importer.
The U.S. and China have undoubtably had a rocky relationship over the past several years. So far, China hasn’t matched pace on its phase-one trade agreement promises, but it has made some serious inroads in the past two weeks amid a flurry of large soybean sales reported on an almost daily basis.
Prices have moved higher, but perhaps not as much as some farmers would have hoped. The weather has had more than a little to do with that. We predict whether corn and soybean yields have a shot at making trendline yields this year, talk about the ongoing spate of volatile wheat prices and much more.
Listen to the latest Midweek Markets podcast for July 22, 2020: