In these days of the USDA blackout, the soybean market is left to focus on the prospects from U.S. China trade negotiations and South American weather. Of course, this situation would not change much if USDA were back in business as those would remain the key issues, but its final U.S. soybean production estimate and export sales data would at least broaden the conversation. Trying to analyze and predict what will happen in each case is made more complex because they are rather tightly connected by the 25 percent tariff imposed by China on U.S. soybean imports and how that tariff has distorted trade flows. Thus, Chinese trade issues and South American weather have become common threads for the soybean market – futures and cash. Predi...

TAGS – Soy & Oilseeds, South America, China, North America