Yields, trade tensions complicate grain markets— this week in the grain markets

Opinion

Grain markets took another hit this past week as elevated trade tensions on Friday topped some of the more bullish ProFarmer crop tour results. On Friday, China announced that they would institute another US$75 billion in import tariffs on U.S. goods, including another five per cent tariff on soybeans to take the total tariff to 30 per cent. They also instituted a 10 per cent import tariff on American pork. Almost immediately, President Trump tweeted out that “American companies are hereby ordered to immediately start looking for an alternative to China.” Aside from soybean prices falling as much as 1.3…