Highlights
Crude oil was supported yesterday by Saudi Arabia's decision to recommend OPEC+ postpone production increase in October. However, the worldwide doom and gloom crowd continues to bad-mouth crude oil demand.
China requested the US immediately lift the tariffs on Chinese goods. Reuters News reports President Biden is expected to decide in the coming days about increasing tariffs on Chinese products.
French wheat growers’ group predicts their soft wheat production will be 25.98 million mts vs. 35.08 million a year ago, a 26% decline.