As of late, trade has been a dominant market influence. Mark Borrett, a broker with the Rosenthal Collins Group in Chicago, believes the rhetoric between the U.S. and China will resolve itself through the needs of the market. “The bright spot is that the world is growing tremendously in terms of demand. Also, there’s been some problems in other origin suppliers such as Argentina and Brazil. In all reality, China is a food deficit country, and they need our grain imports.” Borrett adds the trade has also been influenced by early crop conditions. “And we can see that touring around the (Jamestown) area. However, the problem is early conditions don’t really translate to final yields. All in all, a lot of premium has been taken out of the market that could come right back in, especially if we see some resolution on the Chinese trade issue.” Borrett took part in the Silveus Financial agricultural speaker series in Jamestown.
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