Wheat shows small gains again this morning after yesterday's strong gains.

Trump's tariff hint impacts grain trade; dryness in Argentina concerns; China suspends Brazilian firms; index funds adjust positions; cattle futures vary amid weather and market complexities.

After an initial soft overnight grain trade, President Trump stated during a press interview that he may start out with a 10% tariff on China by February 1 (not really a surprise and less than ever anticipated). However, as early morning hours came, the grain trade firmed, with more short covering noted in the wheat trade. In yesterday’s strength, basis…