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Grain Markets Boosted by U.S-China Trade Cease-Fire, but for How Long?

December 3, 2018 by Jim Wyckoff

The U.S. grain markets got a boost early this week after the U.S. and China called a truce on their trade war. However, the world’s two largest economies have a lot of heavy lifting to do in the next 90 days to resolve their trade differences. Still, the cease-fire is a positive first step to opening up bigger grain-trading avenues between the U.S. and China. The key for corn and soybean market traders this week will be if Monday’s gains can be followed up with more price strength in the near term. Trading in the grain markets this week is likely to set the tone for price action the next three months. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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