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corn held in farmer's hands

U.S. corn carryout could easily notch five-year low in 2019: Braun

By Karen Braun

CHICAGO (Reuters) – The U.S. Department of Agriculture’s stingy forecast for domestic corn plantings could be one of the first signposts toward an increasingly bullish corn environment over the next year or so.

Industry analysts had predicted that 2018 U.S. corn plantings would fall slightly from year-ago levels to 89.42 million acres, so USDA’s peg of 88.026 million last Thursday offered a surprising jolt to the Chicago futures market. Read more

China versus US flags

China retaliates, slaps duties on U.S. soybeans, planes; markets skid

By

Beijing/Washington | Reuters — China quickly hit back on Wednesday at Trump administration plans to slap tariffs on US$50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals.

The speed with which the trade struggle between Washington and Beijing is ratcheting up — the Chinese government took less than 11 hours to respond with its own measures — led to a sharp selloff in global stock markets and commodities.

Investors are wondering whether one of the worst trade disputes in many years could now turn into a full-scale trade war between the world’s two economic superpowers. Read more