“Soybean prices in the U.S. and Brazil, the nations that account for roughly 80 percent of global exports, have taken drastically different paths thanks to Donald Trump’s trade war,” Bloomberg reports.
“In the U.S., average cash prices fell to about $7.79 a bushel this week, the lowest in almost a decade… Meanwhile in Brazil, exporters have been handed high times.
Soybeans to be loaded in August at the nation’s Paranagua port fetched $2.21 a bushel more than Chicago futures as of Friday, the widest gap since data starts in 2014.”