Even after trade-war detente, prices for US crops didn't get a lift

President Donald Trump touted the trade cease-fire he signed with China last month as a “momentous step,” but it didn’t lift commodity prices.U.S. pork and soybeans, the two farm goods most likely to benefit from China’s commitment to purchase $32 billion in farm products over the next two years, are both down over the past several weeks. Corn prices, which don’t have as direct a connection to the Chinese market, are flat.The spread of corona­virus that originated in the Chinese megacity of Wuhan has roiled markets worldwide, suppressing the upside from the trade peace. Even before that surpri...


Read More