The U.S. corn and soybean crops may look good, but University of Minnesota Grain Market Economist Ed Usset says stocks are not growing worldwide. “I think we should be celebrating the end of a bear market. I want to clarify something, I’m not saying the start of a bull market, but I am noting the end of a bear market. When you’re no longer building stocks, you sort of take that wet blanket of bad news off the market and you can start to breathe again.” Trade uncertainty remains a question mark. “I’ve seen no evidence that trade wars are easy to win historically or otherwise and I don’t know how this plays out.”
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