Finance

The Plan is No Plan

      You know you’re deep in the rabbit hole when bad news—say, a government report that shows steep cuts in anticipated 2019 crop yields—is good news because it will hopefully boost prices. Conversely, when good news arrives, like an unexpected week of perfect September weather, it’s actually bad news because it just drags already low […]

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Whipping the Soy-Boys is No Way to Win Customers

P.T. Barnum, the quintessential American showman, might have found today’s food carnival more interesting and far more profitable than his namesake circus of yore.

      For example, slow food is taking note of the fast rise of meatless, or plant-based, burgers this year. Veggie burgers, their previous incarnation, are not new; the lovely Catherine has been […]

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The Enemy of My Enemy Remains an Enemy

Most rural Americans are old enough to remember when their president noted  that “trade wars are good, and easy to win.”

      That was, after all, several tariff hikes, dozens of trade meetings, and more than 15,000 presidential tweets ago. It may seem like a lifetime but it was just 19 months ago, on March 2, […]

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Summer Fun with August Numbers

      Ag Twitter had a big sandbox to play in after the U.S. Department of Agriculture (USDA) clobbered the agricultural futures markets Aug. 12 with its number-filled Crop Report and World Agricultural Supply and Demand Estimates, or WASDE.

      The updated numbers—planted acreage, estimated production, and projected usage—hit the market like a hailstorm. Corn futures snapped […]

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You Know It’s Going to Be a Long, Hot Summer if…

      You know it’s going to be a long, hot summer if, on the day before you assume the political leadership of the United Kingdom—as Boris Johnson did on July 23—one of the world’s most authoritative newspapers, the New York Times, prints a column that begins with the phrase, “Boris Johnson, to whom lying comes as […]

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“Mother Nature Always Bats Last”

      Call it what you will—coincidence, chance or just bad luck—but on the very day that President Donald J. Trump defended his Administration’s almost indefensible record on the environment, the Washington, D. C. metro area was deluged by rainfall not seen since Noah.

      In fact, so much rain fell so fast on the nation’s capital […]

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The Bum’s Rush, USDA Style

      U.S. Secretary of Agriculture Sonny Perdue doesn’t need to hit the road this summer to find more than enough messy problems to keep him busy through harvest.

      There’s the Chinese trade mess, the NAFTA 2.0 trade mess, the European Union trade mess, and the Japanese trade mess.

      Also, there’s the mess Mother Nature made […]

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Welcome to Paradise, er, Paradox

      There’s an interesting paradox occurring in today’s commodity and financial markets. Maybe you’ve noticed it; market watchers certainly have. Here’s what they’ve seen:

      Every time President Donald J. Trump takes to Twitter to threaten a nation with import tariffs—most recently, Mexico—the U.S. stock market shoots higher.

      Paradoxically, however, every time U.S. Secretary of Agriculture […]

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“A Lick and a Promise” Aren’t Enough

      Most American farmers spent the last week of May and the first week of June either driving through mud or stuck in it. Their two farming partners, Mother Nature and Uncle Sam, were little help; one brought threats of more rain and mud, the other threats of more tariffs and bailouts.

      Farmers in my […]

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Mitigation Money Should Fuel the Market; Not the Trade War

      The month of May left as it arrived: riding in a rowboat from flooded farm field to flooded farm field across the Midwest. Worse, June is sloshing in with more rain, more mud, and more worry.

      Complicating an already complicated spring, U.S. Secretary of Agriculture Sonny Perdue announced a broad, new scheme that could pay U.S. farmers up […]

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