During most weeks, the AgEconMT crew reads a lot of news, interacts with lots of people, and learns a lot. While we’re not able to report on and provide analyses on all of those things, we want to share at least a few items that we found to be particularly interesting and useful for the northern Great Plains agricultural sector during the past week.
Interest rates risk could hit farmland values (Financial Review): “Growers worried about falling land prices have a new concern: Higher interest rates should decrease the value of farmland in the eyes of investors.”
Trump might be stuck with NAFTA (Los Angeles Times): “Like all modern trade pacts, NAFTA is a congressional-executive agreement created by statute, not treaty. Trump cannot terminate it — or even renegotiate it — without the approval of Congress. Under the Constitution’s Commerce Clause, only Congress may alter our tariff, tax and customs laws.”
Protein level makes all the difference in wheat futures (AgriMoney): “It has been a tale of two grades in wheat, as the expiring Chicago December wheat contract slumps, while December Minneapolis spring wheat rallies, telling a story of ample global supplies but questionable quality.”
USDA long-run projections updates, through 2026 (US Dept of Agriculture): Wheat prices expected to be lowest in the 2016/17 marketing year before rebounding to between $4.50 to $5.00/bu in the longer run.
Notice anything we’ve missed and that could be interesting to others like you? Let us know and we’ll add it!
(Photo by NS Newsflash is licensed under CC BY 4.0)
