The following report is an overview of the Global economic, political and crop situations as of July 20, 2019.
The acreage report was a surprise given the higher than expected corn estimate and lower soybean estimate than the trade was expecting. Despite ongoing trade tensions and slowing growth around the world, the US stock market had its best first half of the year since 1997. And the key Chinese and Asian event over the last 30 days has been the PMIs across Asia, which dropped due to the slowdown of global trade. JULY 2019 NEWSLETTER
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