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EN
Grain markets need movement on trade deals, more yield reports
['Michael Johnson Is The News Editor For Agweek. He Lives In Rural Deer Creek', 'Minn.', 'Where He Is Starting To Homestead With His Two Children']
Agweek | Agriculture news in North Dakota Minnesota South Dakota Iowa
The week began with the market responding to the latest USDA reports as neutral to somewhat friendly and reports of an impressive trade deal with Taiwan.
The week ends with traders seeming to shrug off the news of the USDA reports and rumors that the Taiwan trade deal may be in question as the U.S. remains in talks with China.
Martinson first shared his take on the USDA reports from last Friday.
“Nobody had on their BINGO card that USDA was going to come in and increase acres again for corn and increase it for soybeans in this report,” Martinson said.
ADVERTISEMENT“It was surprising because the increased exports at a time when we saw five of the major exporting countries see their production increase,” Martinson said.
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