Questions are arising about whether or not Russia will temporarily halt wheat and sunflower exports after a sharp drop in global prices in recent weeks and conflicting stories on Friday.
AgDay TV Markets Now: Tomm Pfitzenmaier of Summit Commodity Brokerage talks about what caused the short covering rally in grains on Friday and if it will continue?
Political tensions between the U.S. and China have run high the past several months. The good news is it doesn’t appear there has been much spillover into U.S. agricultural trade.
China continued to buy U.S. corn this week, and analysts say China may not be finished, especially if prices dip, and China sees it as an opportunity to buy more.