The following report is an overview of the Global economic, political and crop situations as of May 20, 2019.
The key Chinese and Asian event over the last 30 days has been the trade talk between the U.S. and China, which worsened suddenly and the tariff impact might harm the country in the region again. Stock index futures fell after President Donald Trump said he was in “absolutely no rush” to finalize a trade agreement with China and Beijing announced plans to place new levies on $60 billion in U.S. goods on June 1. In May, the USDA estimated world 2018/19 corn end stocks were 326 million tonnes. The increase was due to higher South American, U.S. and China supply. MAY 2019 NEWSLETTER
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