CBOT Tries to Recover as China Trade News Likely Can’t Get Any Worse – For Now
** Trade War “panic” best describes the AM CBOT trade with soy, corn and wheat futures sharply lower throughout the morning. The longs (who were facing huge margin calls) blew out of their positions which caused CBOT valuations to cascade sharply lower. Soybean futures were down 6% at the lows. Traders at midmorning were asking…