The damage has already been done. Soybeans dropped $2/bu.
Posted on: February 23, 2019 at 06:20:27 CT
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in the first weeks after the tariffs were announced. The market did not recover. As of right now the market has advanced an aggregate of only $.30 above the post tariff market lows. Corn also fell roughly $.50 due to the tariff on soybeans. These markets have not recovered and farmers are still being hurt.