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NW Indiana | If I was to guess I would say the market isn't expecting anything too exciting. Maybe get us to that 12- 15mmt level for the marketing year which is well short of the 22mmt last year. That amount of purchases though would justify current price or maybe even a little better if yield does come down as many expect. As others have said in general Trump creates a problem and then fixes it and claims victory. I don't think the market is pricing at all any kind of meaningful gain towards the trade deficit based on Ag purchases. If Trump actually pulls of a major win the market is not positioned for that and it would be rocket pictures. | |
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Market position
