Pro Farmer
Grain markets exhibit “buy the rumor, sell the fact”
Chinese purchases of U.S. soybeans led to higher bids
Dollar jumps after Fed’s Powell says December cut not assured
China’s state-owned grain trader COFCO has bought three cargoes of U.S. soybeans—roughly 180,000 metric tons—for delivery between December and January, marking the first major Chinese purchase from this year’s U.S. harvest.
Federal Reserve easing cycle should help alleviate pain in farm sector: economist
China reportedly steps in to make U.S. soybean purchases ahead of trade agreement