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Soybeans tank as China announces trade tariffs — #SaxoStrats
Saxo Bank’s head of commodity strategy Ole Hansen digests the potential ramifications for the market - including soybeans, crude oil and gold - following China’s plan for trade tariffs against 106 US products.
Soybeans is so far suffering its worst day on Wednesday since August 2015 while crude oil is also under pressure. Gold is trading higher while other metals such as silver and platinum have struggled.
02:59 minutes
Tags: china, home.saxo, ole hansen commodities, saxo bank, saxotrader, saxotradergo, soybeans, trade tariff, tradingfloor.com, trump
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