While the initial reaction to the grain and livestock markets was negative after U-S tariffs were announced, Iowa State University Extension Grain Marketing Specialist says some of those markets have shown signs of recovery. Chad Hart says there is some hope the U-S and China may begin negotiations to minimize the impact of the trade war. Hart says some if not all of the tariffs might not happen as they could be negoitiated away. He says while the tariffs were announced, they don’t go into place for two months.

Hart says the initial drop in soybean prices came back up some and there is hope the time lag before the tariffs happen gives hope the damage can keep from being too bad. He says there is time for negoitiators to get rid of the tariffs before they even start, and that led to some rebound in the markets after the initial drop. Hart says several Iowa farm and commodity organizations have had trade missions to China in order to build a relationship. He says it may be difficult for those farm organizations to maintain the trusting relationship needed with the Chinese. He says it often takes years to build up a trade relationship, but it can be swept away rather quickly.

(Radio Iowa)