Markets reeled amid reports that Argentina cut export taxes on ag commodities early in the week before stabilizing. Corn, soybeans and wheat continue to struggle moving in the same direction, which led to largely sideways trade throughout this week. The demand seen in soybeans has showcased China’s need for new-crop supplies, but the window is quickly closing for the U.S. to supply that need. Government and industry leaders understand the growing need to support row-crop producers amid the current challenging environment, making some headway this week, but a looming government shutdown means ag likely falls to the backburner. We look into the latest Ag Economist Monthly Monitor and what industry experts are seeing in the marketplace. We cover all of these items and much more in this week’s newsletter.
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