Market pressure continues heading into Friday as uncertainty weighs heavy on the ag trade. Talks between Presidents Trump and Xi are reportedly back on, though questions remain surrounding the strength and future of the Phase One agreement. Cattle markets hit limit down, adding to the unease, while speculation grows over possible rate cuts from the Federal Reserve. All eyes will be on next Thursday’s anticipated Trump-Xi meeting — if it happens. Even with optimism about renewed dialogue, traders remain cautious, knowing that a handshake doesn’t guarantee a trade deal or a boost for soybeans. Rumors of China buying U.S. beans this week circulated, but the market largely shrugged them off.
Darin Fessler with Lakefront Futures shares the Friday Market Wrap Up…
