|Day's Range||113.18 - 113.57|
Outlook for the sector clouded by trade disagreementsLIbertas Wealth ManagementU.S. steel futures led the gains, while sugar saw the biggest losses among major commodities in the first half of 2018. Commodities’ returns have failed to live up to bullish expectations in the first half of 2018, with a key index on the verge of posting a loss. The “performance this year has been a combination of fundamental strength with geopolitical hindrance,” says Adam Koos, president of Libertas Wealth Management Group.
By P.J. Huffstutter, Tom Polansek and Chris Prentice CHICAGO/NEW YORK (Reuters) - Global grain merchants Archer Daniels Midland Co and Bunge Ltd can withstand agricultural trade disruptions arising from U.S.-China tensions and potentially profit from them, company executives said on Wednesday. Soren Schroder, chief executive of Bunge, and Ray Young, ADM's chief financial officer, also said at an investor conference in New York that their companies were benefiting from a savage drought in Argentina that has increased soy processing margins and trading prospects.
By Karl Plume and P.J. Huffstutter CHICAGO (Reuters) - Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed. Sorghum is a niche animal feed and a tiny slice of the billions of dollars in exports at stake in the trade dispute between the world's two largest economies, which threatens to disrupt the flow of everything from steel to electronics. The supply-chain pain felt by sorghum suppliers on the Pacific, Atlantic and Indian oceans underscores how quickly the mounting trade tensions between the U.S. and China can impact the global agricultural sector, which has been reeling from low commodity prices amid a global grains glut.
Trump's eagerness to win the biggest IPO in history stems from his view that the soaring stock market is the best reflection of what he views as the success of his economic policies.