An analyst says news that China and the U.S. are working to resolve trade issues comes at an opportune time for the soybean market.
Naomi Blohm with Stewart-Peterson tells Brownfield the announcement by Chinese officials to put proposed tariffs on hold brought a selloff on soybeans to a halt.
“Now, in and of itself, we’re not going to be able to rally anymore on this news.”
Soybean futures, up more than 25 cents Monday, were boosted not only by China walking back on its tariff threats, but also reports Beijing plans to increase purchases of U.S.
Continue reading China trade news stops soybean selloff at Brownfield Ag News.
