The dissonance over trade between the United States and major trading partners – including the European Union, China and NAFTA partners: Canada and Mexico – has rippled through various asset classes and created a sense of uncertainty.
Impacts to Major Global Markets:
- Soybeans likely to be one of the most impacted products
- Corn and wheat less likely to be impacted by trade skirmishes
- Most of the next leg of U.S. shale oil production increases coming in 2019
- Equities may see significant volatility and little upside until trade tensions ease
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