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.
As agriculture enters into its sixth year of the current recession in the sector, relationships with ag lenders are growing even more important. Three ag lenders answer: "How do you know it’s time to walk away?"
USDA announced details of a second tranche of MFP payments, but growers may want to talk with their tax specialist before rushing to the Farm Service Agency (FSA) office according to a Farm Journal tax expert.
The White House touted over the weekend and again on Monday that China will immediately start buying U.S. agricultural goods. Ag economist Wally Tyner warns with tariffs still in place, that may not be a reality soon.
The cease-fire of an escalating trade dispute between the U.S. and China is igniting hopes of a possible de-escalation drove markets to start of the week, despite retaliatory tariffs still being in place.
Despite the trade truce, Washington insiders believe the announcement will still come out this week. USDA Secretary Sonny Perdue is speaking Monday in Chicago, so that news could hit as early as Monday.
As trade trumps most market news today, Andy Shissler of S&W Trading said juggling all these trade deals at once can be viewed as a game of dominos. China will be the last domino to fall, but it will take time.