Grain traders can be a skeptical bunch so it didn’t take long for doubts to surface about China’s intentions to start buying U.S. soybeans again. While USDA Ag Secretary Sonny Perdue thinks China will need U.S. soybeans soon, others aren’t so sure, unless the 25% tariff is removed as a goodwill gesture. Other markets sold off overnight but soybean futures firmed off lows.
Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.comhe writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.
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