Soybean Market Plunge: Tariffs and Trade Wars

Soybean prices plummeted on October 11th as trade tensions flared after President Trump labeled China hostile and hinted at a canceled meeting with President Xi. Soybeans, soymeal, and soy oil all suffered losses, compounded by new deliveries and falling crude oil prices. Trump's announcement of a 100% tariff on Chinese goods starting November 1st further rattled the market, leaving farmers and traders bracing for volatility amidst harvest season and uncertain USDA data. Hosted on Acast. See acast.com/privacy for more information.