Weather · Politics · Trade
June Report 2018
Below are a couple of relevant articles for the month of June 2018 in relation to farm management.
We do have another obstacle to overcome if we are to see better pricing at some point this year. President Trump has followed through on his threats to back out of trade agreements and impose tariffs on goods from some of our major trade partners. His tariffs on Chinese goods has caused China to retaliate by putting tariffs on United States agricultural commodities. This has cause the soybean market to drop over $1.50 per bushel over the last month and corn to follow it with a $.50 drop of their own. There is still hope that these trade issues can be resolved soon. If this happens we will see the market rebound quickly. If not, then these suppressed prices could stick around for a while. Hopefully our administration can get this worked out for the benefit of the American farmer.