Trump Trade Tweets Send Grain Markets Diving to 42-Year Low – Bloomberg

Trump Trade Tweets Send Grain Markets Diving to 42-Year Low – Bloomberg

July soybean futures capped a seventh straight loss as the contract slumped to a record. Soy has been one of the hardest hit commodities by the trade war as China, the world’s top consumer, snubbed American imports.

Swollen stockpiles and the spread of African swine fever are also hanging over the U.S. grain and soy markets, as soggy weather across the U.S. Midwest impedes planting and means some farmers may switch to plant more of the oilseed, which can be sown later than corn.

via Trump Trade Tweets Send Grain Markets Diving to 42-Year Low – Bloomberg