Source: FARM FUTURES, 6/19/18


Corn and soybean futures plunged to new contract lows overnight, with follow-through selling accelerating on news President Trump could slap $200 billion more in tariffs of China, which vowed swift retaliation. While sanctions likely couldn’t get much worse for U.S. Ag products, the new tit-for-tat threats increased ideas the dispute may drag on. Stock markets sold off around the world, setting up a sharply lower open on Wall Street this morning. The silver lining: This could be a buying opportunity for fall fuel and fertilizer.

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