Source: FARM POLICY NEWS, UNIV. OF ILLINOIS, 11/29/18


In its latest quarterly forecast for U.S. agricultural trade on Thursday, USDA reduced its fiscal year (October/September) 2019 export projections, “largely due to decreases in soybeans and cotton.”  And news articles this week provided additional insight into the market ramifications of the ongoing trade war with China, while trade aid payments from USDA have begun to made to producers.   With this background in mind, President Trump and China’s President Xi Jinping are scheduled to meet on Saturday at the Group of 20 summit in Buenos Aires.

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