The number one topic in most trade reports continues to be the US/China trade problems and the expansion of tariffs by other countries in response to the US’s steel and aluminum tariffs. Even Turkey slapped a bunch of tariffs on US imports but luckily did not add anything to grain and corn by-products.
It was also a funny week in the US due to the July 4^th holiday coming on Wednesday which seemed to upset the futures market a bit. Nothing like a mid-week holiday to get the futures market all excited...............please click PDF to see more details