Monday, August 12, 2019

Corn Price Decimated

The price of corn today was hit hard due to China canceling all purchases for this season. This is devastating for farmers, who have been struggling to make a profit.
This quote from CNBC today:
"U.S. farmers lost their fourth largest export market this week after China officially cancelled all purchases of U.S. agricultural products, a retaliatory move following President Donald Trump’s pledge to slap 10% tariffs on $300 billion of Chinese imports."