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China’s economy has been slowing the past several months due to continued COVID lockdowns. Since the Chinese election, however, stories have been flip flopping on a possible change in policy.
There are major concerns for the agricultural sector in Brazil.
The midterm elections are critical for agriculture because whichever party controls the House and Senate will trickle down to the leadership of the ag and budget committees as they write a new farm bill.
Markets close mostly lower w/ technical selling in the grains, report positioning and fading export biz. Livestock consolidated in an inside day. Michelle Rook is joined by Garrett Toay of AgTraderTalk.
A pile of parts and a lot of spare time could produce interesting results.
Brazil is a top-five producer of 34 agricultural commodities. As Brazilian farmers start to plant this fall, forecasts show the 2022/23 crop harvest could be the largest ever.
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