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Beijing’s refusal to buy American and its pivot to Brazil could be less about economics and more to do with politics. “It’s a calculated decision about control and national leverage, not about getting the cheapest beans,” says one ag economist.
Trump announced yesterday that the United States is ending trade negotiations with Canada after the province of Ontario aired an advertisement featuring Ronald Reagan’s voice and remarks critical of tariffs.
Here’s how accelerated consolidation could change the way agriculture looks in the future.
Consolidation was seen across the grain and oilseed complex overnight following big gains on Thursday.
Trump halts all trade negotiations with Canada
Farm economists say today’s ag slowdown “isn’t a collapse, but it’s a grind.” From trade woes to rising costs and consolidation, experts warn recovery could take time, even as livestock markets stay strong.
Some row-crop growers are converting acres, banking on long-term opportunities with beef. Others are staying the course with crops but embracing ways to add some dollars to their bottom line in the short-term.
The company leaders say this acquisition highlights the trend of partnering institutional and asset management firms with specialized farm management companies.
Yesterday, President Donald Trump publicly told U.S. cattle producers that they’ve been doing well thanks to tariffs on imported beef and that now the administration is floating increasing imports of beef from Argentina as a tool to bring down domestic beef costs.
Portions of the U.S. experiencing drought declined 2% this week
Soybeans continue to lead strength, which will be difficult to continue without participation from corn and wheat in the next couple days.
Frost/freezes in the Midwest
Dollar weakness has provided a cushion, but is a double-edge sword for U.S. farmers
The USDA is preparing to unlock more than $3 billion in assistance for American farmers that had been held up due to the shutdown. These funds — drawn from the Commodity Credit Corporation — were originally earmarked to help producers affected by plunging crop prices, soaring input costs and export disruptions tied to trade policies.
Corn, soybeans and wheat saw strength in the latter portion of the overnight session and went into the break trading higher.
Marketplace monitoring gold and silver price action
The senior senator from Iowa says the president ‘has to’ get an agreement made that will enable trade between China and the U.S. to resume.