Trade war watchers got mixed signals again this week as U.S. politics muddied the potential for a trade deal. After Congress and President Trump passed a near-unanimous critique of China’s handling of Hong Kong’s democracy…
Hong Kong Support Sends Grains Tumbling
On Wednesday, President Trump signed legislation in support of Hong Kong’s pro-democracy protestors, a move that is angering mainland China. The Chinese government is accusing the United States of meddling in its domestic affairs. While…
Slow Corn Harvest
Midwestern corn farmers are hard at work harvesting this year’s corn crop, but they are still far behind schedule. As of last Sunday, only 76% of the U.S. corn crop had been harvested, well below…
Boom, Bust, then Boom Again?
The milk market’s swings are a sour reminder of boom and bust cycles that are pervasive in commodity production. High prices encourage producers to invest in expanding operations, which leads to rising production and, eventually,…