Markets are reacting to news that a meeting between Donald Trump and Xi Jinping could still be five to six weeks away. At the same time, Brazil has resumed shipping soybeans to China as harvest picks up pace. Additional pressure is coming from fertilizer markets and rising oil storage levels. Despite that, grains managed to bounce back on the day, with some optimism building around the crushing sector. In livestock, the cattle market is keeping a close eye on a potential JBS strike, all while preparing for Friday’s closely watched Cattle on Feed report.
Susan Littlefield sits in for Jesse Allen today and has a conversation with Matt Bennett from AgMarket.net. Also, she talks with Mike Zuzolo in Segment Two of the audio only podcast and gets an update on Nebraska wildfires in Segment One with Craig Uden from Nebraska Cattlemen.
