Rising Trade Tensions Threaten the Ag Economy
Apr 10, 2018
WASDE report scheduled for 11 AM CST. Wheat conditions decline from LW. Perdue says farmers will be protected. Exporters sell 120,000 MT of Soybeans for delivery to Argentina during the 2018/2019 marketing year.-USDA Exporters sell 132,000 MT of Soybeans for delivery to China during the 2018/2019 marketing year.-USDA Exporters sell 279,000 MT of Soybeans for delivery to unknown destinations during the 2017/2018 marketing year.-USDA
April WASDE Report Expectations
Analysts are expecting corn, soybean and wheat ending stocks to increase from the March WASDE report. Argentina soybean and corn production estimates are expected to be revised lower due to to unfavorable growing conditions. Brazil soybean production expected to be revised higher.
Crop Conditions Report
Corn planting is 2% complete nationally. Missouri corn is only 1% complete compared to a four year avg. of 7% complete. Winter wheat rated 30% G/E, down from 32% LW. Winter wheat rated 35% P/VP, up from 31% LW.
Farmers will be protected by Trump
The Agriculture Secretary said on Monday that U.S. farmers will be protected by the Trump administration as rising trade tensions threaten the ag economy. No details were given by Secretary Perdue, but White House spokeswoman Sarah Sanders said on Monday that the Trump Administration will present a plan shortly.
The risk of trading futures, hedging, and speculating can be substantial. Grain Hedge is a Branch of Foremost Trading LLC (NFA ID: 0307930)