Jerry Gulke: Grain Markets Exhibit Caution Ahead of Mega Reports
Last week the grain markets showed signs of a bull market potentially starting to fade. For this week, May corn prices were up 18.25¢ and May soybean prices were only up 1.75¢, for the week ending March 19. May wheat prices were down 12¢.
Markets Now with Tyne Morgan: Will All the Big Buys from China Ship?
After a brief hiatus, it seems China is back buying U.S. corn again. The USDA confirmed four daily sales this week, for a total of 153 million bushels.
A China Critic, Katherine Tai Confirmed as USTR Just Ahead of U.S, China Meetings
Tai, who is the first Asian-American woman to hold the top USTR spot in the 60 years since the position was created, made it clear during her Senate confirmation hearing she would be tough on China.
Fed Sees Growth Surge, Jump in Inflation in 2021 but no Change on Rates
The Federal Reserve on Wednesday repeated its pledge to keep its target interest rate near zero for years to come after projecting a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down.
Currently set at 25.8%, the tariff will rise to 38.5% as early as this week, and will be in effect for one month, according to USDA’s Foreign Agricultural Service (FAS).
