Ag Marketing IQ: Wall Street’s Oct. 10 plunge triggered by Trump’s China tariff post sent shockwaves through commodity markets worldwide. China squeezes fertilizer exports but smart growers now watch for potential input cost advantages as market volatility could create unexpected opportunities.
When is bad news for grain markets good news for growers? Bombshells big enough to rock Wall Street can ripple all the way to the Midwest, swelling into buying opportunities for farmers looking to hedge input needs for the coming year.
Stock prices cratered in seconds on Oct. 10, and all it took was one of Trump’s characteristically vague social media posts about new tariffs on China. With some markets, especially those on the East Coast, ready for a long weekend, traders voted with their feet to sell and worry about the consequences after a break for what used to be called Columbus Day before the Italian explorer got cancelled.
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