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Markets continue to assess tariff talks

An ag economist says gains in the grain markets over the last week was good news for farmers.

University of Missouri’s Ben Brown says, “This is exactly what you want to see – higher output prices and lower input costs. If we were in a normal year this would tell me we’re having some major planting issues. This year, the external factor is trade talk and a lot of trade news.”

He tells Brownfield the markets continue to monitor tariff talks. “Removing some of the uncertainty around which products might be impacted has helped a lot of these commodities to rally and certainly for the feed grain markets.”

China’s tariff rate on U.S. goods remains at 125%, but the recent drop in the dollar could boost demand from other nations.

Brown made his comments during Brownfield’s Weekly Commodity Market Update.