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The Hightower Report said that recession fears are surging this morning and “the negative yield curve is hyping those fears.” China’s economic news is also weak, they said, but the tariff delay yesterday “does not go far enough so outside market forces and politics are shifting more negative.”

President Trump also asked Japan to buy U.S. ag products, including wheat and soybeans, as the two countries work on a broader trade deal, Joe Vaclavik of Standard Grain said. He said that with Japan already being a big importer of U.S. products, it may be a non-starter.

This article originally ran on agupdate.com.

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