Morning Comments; Wednesday, January 9th, 2019
MaxYield Cooperative - SETZ - Wed Jan 09, 4:37AM CST

Trade talks continue

Yesterday, China gave the approval for 5 different genetically modified crops to be imported. Considering the heightened trade tensions between the two countries, many believe this to be a positive sign of trade conversations. Included in the approvals is the extension of other genetically modified crops for another 3 years. Many have argued that China’s stance on GM crops is not purely scientific but hold a political bias.

The dryness down in Brazil has garnered much of trade’s attention as of late. Rainfall amounts in some areas are at such an extreme that isolated areas are calling for a complete loss. Certain states in Brazil are seeing crop condition ratings worse than the previous 3 years for this timeframe. Reductions are likely to follow in upcoming reports.

Market Shakers: SAM Weather, Technical conditions




 

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