The following report is an overview of the Global economic, political and crop situations as of September 24, 2018.
From mid-August to mid-September soybean, corn and wheat futures traded lower on the escalation of the US and China trade war. EU heatwaves and 2018’s problematic harvest is yesterday’s news now seeing the converging of forecasts for Europe’s soft wheat crop. The key Chinese and Asian event over the last 30 days has been the continuous deteriorating of China’s economic data prompting slowdown worries concerning the world’s second largest economy.
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