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1.Market Observations, 8.Was Sticky

26 Aug 2019 (AFR) – Soy, corn futures slide following fresh round of China tariffs

(26 August 2019, AFR, p22, Julie Ingwersen)

‘US corn futures hit a three-month low and soybeans neared a three-week bottom after China said it would impose additional tariffs on US products including grains and soy, escalating the trade war between the world’s top two economies. On the Chicago Board of Trade (CBOT), soybean futures posted the biggest declines. China is the world’s top soybean buyer, and the trade row has hit the market hard. But corn pared losses and wheat futures turned higher. CBOT November soybeans settled…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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