The extremely wild gyrations in U.S. equity markets are a good indication that no one knows where the U.S./China trade dispute is headed as well as a sign that it is the rest of the economy that overshadows agricultural concerns. It has been nearly a week since the Trump/Xi dinner in Argentina, and the markets are all still surrounded by confusion over what really took place and what might happen next. China has made no move to eliminate or reduce the soybean import tariff, and it has not purchased any U.S. commodities despite the chatter that it agreed to buy “significant” quantities. There was some mid-week talk about big tonnages of wheat, corn and soybeans, but not even those rumors were strong enough to move markets. Last...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, Equities, Energy, Black Sea