Last week it was announced China bought beans, but the country also cancelled a purchase. So, where do exports sit today? Also, how could soybean prices impact the acreage debate? Two analysts and an ag banker weigh in.
USDA is set to unleash a slew of reports on Friday. From Crop Production to Winter Wheat Seedings, the reports will ripple through the markets. What impact could prices see after the reports are released?
Since December, China has said it would buy 10 MMT of U.S. soybeans. However, sales on the books to date fall short of the 10 MMT mark. Some analysts fear China may be on pace to import fewer soybeans around the globe.
Farmers across the country wait to see which crops could benefit from trade deals in the works, it could be a long road before some of those buys become reality. Now state associations are making their own trade pacts.
Missouri Gov. Mike Parson (R) is on a mission to see change. He recently sat down with U.S. Farm Report and talked about the broadband connectivity issue, as access to rural broadband is a priority for him as Governor.
As the fight over President Donald Trump’s border wall continues, USDA reports are at a standstill. University of Missouri economist Scott Brown says no reports or fresh data may be bad news for the cattle markets.
The partial U.S. government shutdown is closing out day 21, and is now tied for the longest government closure ever. No USDA major USDA reports means the trade is in the dark, and it could be a detriment to agriculture.
Corn prices continue to be stagnant heading into 2019. Front-month contracts struggle to break the $4 mark, but there are signs that corn could have more of a bullish story in the new year, compared to other key crops.
The uncertainty surrounding prices could also spark some last-minute changes in crop rotations next year, and that’s why Jim Mintert said 2019 may be the year that flexibility in cropping decisions pays off.
As the partial government shutdown enters day six, the majority of USDA isn't disrupted yet. If the standoff between the White House and Congress persists, it could impact the timing of the tariff aid relief from USDA.