By Tyne Morgan
AgWeb
Late last week, grain markets got a jolt. A claim about China and U.S. soybean purchases spread fast, morphed into “headline certainty” and briefly fueled market chatter that the key buying framework didn’t exist.
A marketing firm reported U.S. Trade Representative Jamieson Greer said there’s no deal with China on soybeans. That report was unverified but spread through the markets.