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China has confirmed that beginning November 10, it will suspend retaliatory tariffs but will retain the 10% levy and 13% tariff on U.S. soybeans.
Meteorologist Brian Bledsoe says a strong ridge is keeping much of the U.S. warm and dry through mid-November, extending drought across key farm regions, but a pattern shift may bring some relief, and possibly even snow.
Soybeans saw relative strength overnight, led by strength in meal, though failed to break above recent highs.
More clarity on last week’s U.S.-China trade truce
