No news may be good news, or likely the best soybean growers can hope for out of the G20 summit getting underway today in Argentina. President Trump sits down with President Xi of China to talk trade. While there’s little hope for a complete resolution of the dispute, the two sides could agree to a cease-fire to continuing talking that keeps the U.S. from ramping up tariffs on Chinese imports as President Trump has threatened. Grain markets firmed overnight but financial assets slide.
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Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.