Cash Strategist 11 13 2024

Uncertainty lingers surrounding exports

Politics obviously dominated the market chatter last week, but the overall fundamental landscape across the ag space is still mostly the same as it was before - U.S. yields are still record or near-record large, crop and weather prospects in South America are good and demand from China is uncertain.

The biggest unknowns that could have impacts down the road seem to be a potential renewed trade war with China along with what happens with current "green-ag" policies, specifically legislation surrounding the 45Z biofuels tax credit.

There are more questions than answers surrounding Trump administration policies at this point, and one of the biggest questions short term is what happens with exports. Do buyers load up on U.S. corn and beans before Trump takes office, or has that business already occurred? This will be closely monitored into the end of the...