Grain markets at 42 year lows… Bloomberg

Here are Michael Hirtzer and Mario Parker, Bloomberg on Trump tweets and grain prices:

”Soybean and corn futures slumped after tweets from Donald Trump that threaten an escalation of the U.S.-China trade war, frustrating battered American producers hoping for a quick resolution.

The Bloomberg Grains Subindex Total Return tumbled to the lowest since 1977. The prospect of an end to the crippling tariffs that Beijing imposed on U.S. soy, corn and wheat exports was one of the few positives for American agriculture markets. China’s foreign ministry said that officials were still planning to travel to the U.S. for the next round of trade talks — but was unable to confirm when amid signs that a delay is now being considered.“