There was a difference of opinion among global media sources as to how the past few days played out. This was expected.
The bottom line is it doesn't really matter, as minds will not be changed either way.
The Grains sector was quietly lower overnight through early Tuesday morning, the spotlight on the weakening US corn national average basis market.
Morning Summary: It was interesting, but not surprising, to see the commentary following Monday’s volatile session across most market sectors. On the US side of the border, the theme was John Wayne had ridden in, talked tough, and made his enemies bow to his will. Elsewhere, though, the talk was of how both Mexico and Canada already had plans in place to make changes and it was actually the US president who blinked and delayed tariffs due to the almost universal negative press he had received. What actually happened? Does it really matter? The end result was, as expected, the much-ballyhooed tariffs weren’t real, and markets went along their merry way. A good friend sent me a message that read, “Social media, and media in general, has wrecked this country. There’s no good news source these days.” I agreed in part that social media has sapped our intelligence, not just of the US but around the globe. But according to news sources I still trust, the account from outside US borders of how the past few days played out seems to be the more accurate. But we can’t know for sure, and the US president’s believers will never be convinced otherwise. So again, it doesn’t matter.
