Hedgepoint updates grain market outlook as new Trump administration begins

China has begun its Lunar New Year (Year of the Snake) celebrations and will remain out of the market for a week. “During this period, the absence of Chinese players tends to reduce trading volumes, especially in the futures market,” says Ignacio Espinola, senior analyst for Market Intelligence at Hedgepoint Global Markets. At the same time, the greatest uncertainty for the palm oil and soybean oil markets comes from the actions of Donald Trump, who is threatening to impose new sanctions on China. At the same time, the Chinese government has begun repatriating citizens who were living illegally in the United States, in response to President Trump’s warnings about tariffs and sanctions against countries that refuse to accept deportees. Argentina reduces export taxes (retenciones) “The Argentine government announced the reduction of export taxes (retenciones) until June 2025, in an attempt to promote a more aggressive program of external sales of the country’s agricultural ...