China & barley headlines dominate - this week in the grain markets

by

Opinion

Grain markets headed into the U.S. Memorial Day long weekend with a bit of a limp as traders watched technicals for direction amidst some benign crop conditions and a firmer U.S. Dollar. Wheat prices on Friday pared their gains made over three straight positive sessions, despite a smaller crop in Kansas expected and some short-covering on the Minneapolis HRS wheat board. The bigger issue impacting not just grain markets, but all markets, is building tensions between the U.S. and China, with the latter laying down some very heavy-handed anti-democratic laws in the city-state of Hong Kong. While positive news of…

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