China has been a big part of the market turmoil over the last several weeks.
Analyst Mike Zuzolo says many traders are operating under the belief that a deal will soon be reached. However, he is not so sure, saying that the people President Trump has chosen to negotiate trade with have their hearts in rural America.
“Almost all of them come from the same background of the middle part of the country and have seen their towns or cities hollowed out, manufacturing hollowed out, and I think the proof is in the pudding at this point of what he’s willing to do, even if it means, as he would say, short-term pain for long-term gain.”
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Farm groups urged lawmakers to maintain free and fair trade across North America.
The most notable crop changes came in wheat.
Secretary Rollins says the first U.S. calf infected with screwworm responded to treatment and is back to full health.
Global supply routes and U.S. energy inventories remain key factors for fuel markets
Trade estimates point to only modest changes in U.S. grain ending stocks ahead of USDA’s June 11 WASDE report.
