The Pentagon confirmed late this morning that the Chinese spy balloon spotted over Montana this week is moving eastward and is currently over the central U.S.
Josh Linville, Director of Fertilizer for StoneX and frequent guest on Market Day Report, took to social media wondering if he spotted the balloon from his window, looking south from Platte City, MO.
“Anyone know the location of that balloon as of this morning? There is a white thing in the air moving very slowly south of Kansas City that I can see out my window.”
Anyone know the location of that balloon as of this morning?
— Josh Linville (@JLinvilleFert) February 3, 2023
There is a white thing in the air moving very slowly south of Kansas City that I can see out my window.
This was looking south from Platte City, MO. pic.twitter.com/oNi6UFP7ZQ
— Josh Linville (@JLinvilleFert) February 3, 2023
Given the Pentagon’s recent update, Linville’s hunch may be right.
Earlier today, the Dow Jones Newswires reported the balloon has grain traders worried about what the fallout might mean for the grains trade. In a note, AgResource said, “the Chinese surveillance balloon deepens the deteriorating US/China relationship, which could adversely impact ag trade.”
The recent strain between the U.S. and China has resulted in increased scrutiny over China’s appetite for U.S. grain exports, particularly soybeans, Dow Jones reported.
