An ag economist calls Thursday’s USDA’s reports a bit surprising.
Kevin McNew with Farmers Business Network tells Brownfield the USDA numbers were about a bushel lower for both corn and soybeans than what traders were expecting. “The negative to it is that trade exports are really bad and the USDA penciled that into this number. Soybean exports were slashed by a significant margin, corn exports also went down.”
McNew, speaking with Brownfield at the NAFB Convention in Kansas City, says the best option for farmers right now is to store soybeans while the trade war continues.