Agri Commodity Markets Monthly October 2019: Trade Truce, but No Trust

CBOT G&O tailwinds strengthened last month, following a surprise US corn & soybean stock drawdown, declining US summer crop prospects, and – finally – the announcement of a vague ‘trade deal phase 1’ between the US and China. The ‘deal’ appears to be a renewed truce in US tariffs, in exchange for a Chinese agricultural procurement arrangement.

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  • Stefan Vogel

    Global Strategist - Grains & Oilseeds; Head of Agri Commodity Markets
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  • Michael Magdovitz

    Commodity Analyst
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  • Carlos Mera

    Senior Analyst - Agri Commodity Markets
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