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Grain prices rebounded after a steep drop tied to the trade war, with November soybeans up 28 cents on July 31 to above $9. Allendale's Jim McCormick cites warmer, drier forecasts during pod setting and signs that the U.S. and China may return to negotiations ahead of a new round of U.S. tariffs.
He also notes corn near $4 may offer sales opportunities.
Weather risk and hopes for a trade settlement are supporting soybean and corn prices, but a breakdown in talks would reverse those gains.
iowaagribusinessradionetwork.comStaff EditorJul 31, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
