Pro Farmer
Soybeans surged higher overnight on hopes of a trade deal with China, with details coming later this week as President Trump and Chinese President Xi meet in South Korea.
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
U.S. ethanol is poised for a second straight year of record high exports…
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.
