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
California almond acreage tightens while pistachios shift into an off-year, shaping a mixed outlook for prices and supply in the tree nut market.
March cold storage data showed generally tighter year-over-year stock levels across several key meat and dairy categories.
U.S. Soybean Export Council CEO Jim Sutter joins us to discuss the impact of new trade development funding for U.S. soy.
Florida’s import rule shows New World screwworm concerns are already affecting livestock movement and market conditions.
Steady Panama Canal operations help support more predictable shipping conditions for global agriculture.
Grain movement stayed active, with barges showing the strongest weekly gain while rail and ocean signals remained mixed.
