World Perspectives

President Soybean; Unjolly Roger; Worse Sectors than Agriculture

President Soybean Chinese and European leaders know where President Donald Trump’s soft spot resides, and it is soybeans. During bilateral trade negotiations this week, Chinese Vice Premier Liu He announced that his country would be buying 5 MMT of American soybeans. There are many other interpretations of China’s intent, including the following:

The Chinese need the soybeans anyway, and the volume is still far less than they purchased before the trade war. China is purchasing them because it knows drought is going to greatly reduce the Brazilian crop this year. More would be purchased, but demand is down due to the African swine fever (ASF) outbreak in the hog herd. Chinese soybean purchases from the U.S. were declining...

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Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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