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
All eyes will be on today’s Cattle on Feed Report, which analysts say could give a clearer picture of where the market goes next.
Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
Cheaper freight is helping exports move, especially corn, but weaker soybean demand looms large.
Disease risks remain a key factor to watch heading into fall.
U.S. aquaculture may gain competitive ground as harmful subsidies are phased out abroad, but producers should monitor shifts in import supply chains and trade enforcement closely.
