Markets falter in response to China, Mexico export news
U.S. Agriculture Secretary Sonny Perdue tweeted the news that Chinese officials planned to purchase 10 million metric tons of U.S. soybeans. What he referred to as a “good faith” gesture occurred during trade talks between the two countries, and Perdue said it was an indication of “more good news to come.” Initially, the futures markets responded positively as Globex futures were sharply higher and at their highest levels in premarket trading. But the rebound didn’t last long. Chad Hart, agriculture economist with Iowa State University, said that the markets heading ...