Markets saw some big moves on this week’s election results.
Economists say it stems from fears of a trade war, with President-Elect Trump expected to be tough on places like China.
“It’s what we call the Trump Trade. It’s a risk-off trade. The belief is that Trump’s gonna be pretty tough on trade with China, with the tariffs. So you know, we’ll see. But I think for right now it’s a risk-off type trade,” said Don Rose.
However, Rose says it will take some time to see any impact because the coming months are typically much slower. He says soybean buyers, like China, will likely look elsewhere as long as weather holds in South America.
