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Markets overcome tariff fears

Corn and soybeans follow wheat higher. (video)

China as expected reacted to new U.S. tariffs with retaliatory measures of its own against U.S. products. But so far markets around the world appear to be taking the ratcheting higher of the trade dispute in stride. Stocks traded mostly higher in Asia and Europe following gains in the U.S. yesterday, and grain markets are also posting gains today. Corn and soybeans recovered from Tuesday’s contract lows, boosted by more buying in wheat.

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.comhe 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.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures'free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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