Farm Progress

China, exports highlight trade

Egypt buys more from the U.S. as hopes brighten

Bryce Knorr 1

November 23, 2018

1 Min Read

Markets don’t open until 8:30 CST in the U.S. Friday, but USDA will release its latest export totals an hour earlier. While the report isn’t expected to show any new business with China, wheat numbers could be improving. The U.S. sold more soft red winter wheat Thursday to Egypt as prices at the Gulf are attractive on world markets. Crude oil is down sharply this morning and U.S. stocks could open lower too as traders try to figure out if China and the U.S. can mend their trade dispute when world leaders gather at the G-20 summit next week.

About the Author(s)

Bryce Knorr 1

Senior Market Analyst, Farm Futures

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