Soybean Market Starting To Stabilize
Finally! Some good news on the soybean front.
Although there have been no new negotiations with China, the corn and soybean markets have somewhat stabilized the past couple weeks.
Some of this is thanks to Europe as the United States was expecting tariffs on soybeans and corn but have not received any as of yet.
"We got a long ways to go as far as market recovery to get back to kind of where we were but at least we've seen things stabilize. The whole grain market scenario seems a little more stable now than it was maybe a few weeks ago," explained Farm Management Analyst Kent Thiesse.
President Trump announced last week that the E–U had agreed to buy more soybeans from American farmers, who have seen prices decline sharply since China imposed retaliatory tariffs.
--KEYC News 12