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.”
Related Stories
Export growth remains key for grain profitability.
RealAg Radio host Shaun Haney explains how conflict in the Middle East is affecting spring planting as farmers navigate the evolving situation.
NCGA Chief Economist Krista Swanson discusses the evolving role of ethanol in the current energy crisis, opportunities for expanding corn discusses the evolving role of ethanol in the current marketdemand, and the industry’s outlook moving forward.
Energy risks could reshape global ag trade flows.
The ag trade deficit is narrowing, but export competition remains strong.
Agricultural groups warn that the deal could limit competition and raise transportation costs for farmers
