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South Central Iowa | China embargoed our soybeans unofficially. If it were just the tariff rate, they would have bought a significant amount already. This is not a market based country we trade with. Because of that, the reciprocal can be true as well. They could be told to buy the ever loving sh*t out of ours as a sign of good faith in this "break through"... Whatever that is exactly...
A massive carryover will still be the underlying theme of trade medium term, unless the USDA puts our yield somewhere back in the realm of reality. | |
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There is still a tariff on soybeans.
