🌽 Corn, Soybeans & Wheat Continue Sliding
Grain markets remained under heavy pressure today
Selling continues from:
Index funds
Managed money
Traders liquidating long positions
📌 Main theme:
“Get me out at any price” selling mentality continues
Market frustration:
China hasn’t started buying yet
Traders expected immediate purchases after trade agreements were announced
🇨🇳 China Playing the Long Game
China agreed to:
Purchase roughly 25 million metric tons of soybeans annually
Invest another $17 billion in agriculture
But they never promised to start buying immediately
📌 Market takeaway:
China knows patience works
Funds wanted action on May 15, June 1, or immediately
China can wait for cheaper prices before stepping in
Long-term expectation:
Chinese purchases are still expected eventually
Just not on the timeline traders wanted
