
IN THE KNOW

AG UPDATE
NOVEMBER 12, 2024 | AG BANKING
- • Will there be new commodity tariffs or a second “trade war” with China?
- • What changes may be made to tax policy? Business regulations?
- • A major part of the Trump platform centered around the direction of domestic energy policy – will this be a net positive for grain and cattle markets?
- • How might immigration reform affect the availability and cost of labor for farm producers and processors?
- • Will the US Federal Reserve be less aggressive with interest rate cuts if fiscal policies under Trump turn out to be more stimulative for business?
- • Corn DEC $4.25
- Bull: Cheap US corn is stimulating demand. Middle-East hostilities create uncertainty in energy markets.
- Bear: Stronger dollar as of late is negative to exports.
- • Soybeans NOV $10.00
- Bull: Marketing year is off to a good start on exports.
- Bear: : What would Trump Administration do on tariffs and how would that impact Chinese purchases of US beans? Strong pace of S. American bean plantings.
- • KC Wheat DEC $5.68
- Bull: Black Sea region weather and export logistics have not been friendly to wheat production and exports, but may be price friendly.
- Bear: : Recent moisture in western wheat production areas.
- • Livestock
- Feeders NOV $248
- Live Cattle DEC $186
- Lean hogs DEC $81
- • Heavy snow has fallen in the central and southern Rocky Mountains providing moisture to some drought stricken areas. The storm will move northeastward and continue to provide moisture into the Great Lakes Region.
- • Temperatures in the corn belt have fallen to normal fall temperatures. Additionally, some areas received rainfall boosting moisture in the topsoil.
- • Brazil continues to have favorable summer for their emerging crop.
- • Noninsured Crop Disaster Assistance Program (NAP) application deadline Nov. 15.
- • Acreage certification for fall-planted crops due Nov 15.
- • Beginning Farmer/Rancher resources are available at: .
- • NBA Agriculture and Beyond Workshop - KEARNEY, NE December 10th
- • COLORADO AG SHOW - GREELEY, CO January 28th - 30th
- • 33RD ANNUAL BUFFALO BILL FARM & RANCH SHOW - NORTH PLATTE, NE February 7th - 8th