How Did Markets Open the Week?

Soybeans: The idea of a global (universal?) 15% increase in tariffs sent the soybean market lower initially with the May issue (ZSK26) falling as much as 9.75 cents on still light overnight trade volume of 11,500 contracts. Again, activity was likely limited by the last hours of China’s 9-day New Year holiday, putting the spotlight on Monday night’s (Tuesday morning Beijing time) open. We also know Brazil’s harvest continued to progress over the weekend, though the May-July spread isn’t showing much commerc ...