Grain markets are on a rally due to slow planting, but farmer anxiety over trade continues to weigh on producer's minds.
As the U.S. and other nations work to fill the pork void left in China due to ASF, demand for soybean meal is likely to rise.
China announced that it will impose additional tariffs on some American goods in retaliation for the latest increase of U.S. duties on $200 billion of Chinese imports.
Corn and soybean prices are being driven by differing fundamentals and that means different price potential this spring.
The president said this move came after China reneged on a previous agreement, but farmers wonder what this means for their livelihoods.
The U.S. hiked tariffs on more than $200 billion in goods from China on Friday in the most dramatic step yet of Donald Trump’s push to extract trade concessions.
Commodity market analysts say regardless of the hype around late planting, the numbers on May 20 will tell the true story about the 2019 crop.