New tariffs are in effect in China today.
President Trump has added a 10 percent tariff to all imports. Overnight, China hit back with a 10-15 percent tax on all U.S. farm machinery, oil, coal, and liquid natural gas.
So far, the soybean market seems to be shrugging it off.
The tariffs take effect on February 10th.
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Reduced driver supply may increase freight costs this season.
Overall, the report suggests a shift toward more comfortable supply levels, with demand emerging as a key factor to watch in the months ahead.
Global trade uncertainty could impact long-term export opportunities.
Lower shipping costs favor corn, while soybeans face pressure.
