China
Dave Chatterton, Strategic Farm Marketing, says the markets faded the news as the realization set in that no major breakthroughs in the trade talks are expected and a long term trade deal with China could take quite some time.
The stakes are high with the latest trade war. While the risks of losing more market share into China are a concern, the upside potential of a trade deal with China could be monumental.
Oliver Sloup, Blue Line Futures, says there was risk on buying across the commodity and financial markets due to more positive trade news and economic headlines.
Kevin Duling, KD Investors, says soybeans see a bounce Thursday after four down days on technical buying and with help from soybean oil.
Randy Martinson, Martinson Ag, says corn and wheat futures are seeing some technical buying with first notice day and end of month positioning out of the way.
Craig Turner, grain and oilseed analyst with StoneX, says corn and wheat saw corrective buying as it was end of the month and past first notice day for May futures.
There are 400,000 agricultural drones applying product to 300 crop types in over 100 countries around the globe today, helping farmers save money and steward a brighter future.
China’s top planning officials said Monday the country’s grain supply remains secure even without U.S. feed grain and oilseed imports.
Don Roose, U.S. Commodities, says grains had a quiet day as they were also consolidating around strike prices as it was May option expiration.
Darin Newsom, Senior Market Analyst with Barchart, Inc., tries to explain the higher day in the grains, especially soybeans, with the bearish Chinese trade news. So, what drove the rally?