Overnight trade saw grain and soy prices continue the recovery that began during Wednesday’s day session, which followed the major sell-off immediately after China’s announcement very early that morning of planned import tariffs on 106 products, prominently including soybeans. Soybean futures closed 14-16 cents higher today, leaving the May contract only about 7 cents below where it closed Tuesday afternoon. Corn futures prices rebounded sharply today, closing up 8-8.5 cents. May corn actually finished 1 cent higher than its Tuesday closing.  Cooler heads have prevailed with the realization that it will be a minimum of six weeks before the U.S. tariffs can actually be applied, and only after that would China impose its tar...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Energy, Equities, North America, South America