Brooks Schaffer Market Report for Tuesday May 13 - Southern Farm Network

Brooks Schaffer Market Report for Tuesday May 13 - Southern Farm Network

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at brooks@palmettograin.com or 843-540-4540. On Monday we got more data and news than we were able to process in one day. The US Treasury Secretary met with a Chinese delegation in Switzerland over the weekend. What was expected was just the first meeting and hopefully some progress in backing down from tariffs so high they amounted to a total trade embargo. Leading …

Chinese state-run media: "Rare earth export controls will continue" Correspondent Jeong Seong-jo = As the U.S. and China agreed to a 90-day ceasefire in their tariff war, Chinese companies are resuming exports to the U.S. while diversifying sales channels to replace the unstable U.S. market.