AFBF Econ Team Delivers February 2017 Crop Market Update

News / FBNews Feb 17th, 2017

In his latest crop market report, Record Crop Consumption Could Move Even Higher, AFBF economist John Newton notes that USDA’s projections for increased corn and soybean consumption could give farmers a boost.

A more rapid pace of consumption would imply that ending stocks for new crop corn and soybeans could ultimately be lower and would provide a bullish undertone for prices in advance of the 2017/18 planting season and during this key crop insurance spring price discovery period.

Also in this month’s report, Newton delves into corn and soybean export projections.

Download the full February 2017 Crop Market Update Below

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The Senate Homeland Security and Governmental Affairs Committee earlier this week approved the Farm Bureau-supported Regulatory Accountability Act of 2017 (S. 951).

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American Farm Bureau Federation’s John Newton was quoted in a Wall Street Journal article on trade relations between the U.S. and Canada. While “a fight over a little-known dairy product sits at the center of increasing tensions between the U.S. and Canada over broader trade issues” explained the Journal, U.S. agriculture is alarmed by the Trump administration’s attacks on the North American Free Trade Agreement.

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