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MN | I guess I missed the part where it was determined they were going to buy more (than before?) from the US. If they are just going to remove the tariffs and we go back to competing on price/value with SA I’d say at best we ship the same amount as pre-tarrifs. But more likely we still ship less. Assuming a bigger SA crop driven by increased acres in Brazil and most likely no drought in Argentina. And, the promise of an agreement may spur NA farmers to plant more beans, or at least not reducing acres enough relative to c/o, betting on the come. So, an agreement while good, wouldn’t necesssrily drive futures higher, unless more world demand results (which it might.) more likely to me anyways would be basis improvement here and weakening basis there.
Edited by mn_feeder 12/3/2018 17:56
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Trade agreement doesn't officially begin until January 1?
