Grains find green in Santa’s bag — this week in the grain markets

by

Opinion

Grain markets finished the week before Christmas mostly all in the green as follow-on technical buying and physical buying pushed the complex higher. Meanwhile there is still some uncertainty about how the trade deals are going to be executed, namely the $50 billion in agriculture purchases that President Trump has said China would buy. This week, amidst all the impeachment hoopla, the U.S. House of Representatives passed the new UMSCA trade deal, replacing the NAFTA framework for trade between the United States, Canada, and Mexico. Unsurprisingly, President Trump and House Speaker Nancy Pelosi are arguing over credit of the deal…

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