Day 1 - Wichita, KS to Stratford, TX
Day 2 - Stratford, TX to Liberal, KS
Day 3 - Liberal, KS to Hays, KS through Wichita to Oklahoma City.
Just as with regular climate, the financial climate is never easy to forecast. It’s tenuous and uncertain - at best. And just when you think the storms have settled, things can shift quickly.
For instance, after Donald Trump imposed tariffs of $50 billion on imported Chinese goods, the Chinese government retaliated by announcing plans to match those tariffs with import levies on a number of U.S. products. Among these products are U.S. soybeans.
With the uncertainty of global events that are beyond your control, it is becoming increasingly important to find alternatives to protect your income. Implementation of a strategy that incorporates options is a great way to hedge against these risks.
In the world of agribusiness investing, it’s crucial to keep up with the newest data and information.
So here’s an interesting fact:
Back in 2013, the biggest importers of Australian wines were the U.K. and the U.S.
The USDA Outlook Forum is February 22-23. The crop acreage math points to 1.4 million less corn acres in 2018 vs. 2017. The USDA Long Term Projections had US corn and soybean acres at 91 million each. Leaving wheat acres unchanged YOY, adding 600k acres to cotton, moving soy to 91 from 90.2 last year, leaves only 89 million acres for corn – down 2mm from the Long Term Projections. 89 million puts total area for the four crops at 239 million. 239 million would be the largest Forum number since 239.8 in 2013. 239 is equal to the final planted area last year.
Corn area will be challenged and the IAG Models indicate 91 million acres of soybeans will prove to be just adequate for growing demand. It is likely soybean acreage in the USDA March 30 Planting Intentions Report will be above 91 million.
International Agribusiness Group, LLC.
33533 West Twelve Mile, Suite 145
Farmington Hills, MI 48331
Find us on the Web:
© Copyright 2018 International Agribusiness Group, LLC. All Rights Reserved.