China Hit Worst Like the International Monetary Fund’s (IMF’s) assessment on a global basis, the Asian Development Bank this week kept its current forecast for gross domestic product (GDP) growth in developing Asia at 6 percent this year and 5.9 percent in 2019. However, it warned that growth would suffer if the U.S.-China trade spate worsens. An argument can be made that China has already suffered economically from that situation. Just a look at major equity markets since the initial imposition of Section 232 duties by the Trump administration shows that it is China’s markets that have suffered (see graph below).
IMF Backs Trade Distortions Import tariff escalation or imposing higher duties on more heavily pr...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
