Typically, the USDA World Ag Supply-Demand Forecast for July is exciting because analysts make new production demand projections using the new planted acreage numbers that come out the end of June. This time, though, the July report is really going to be interesting.
“When you get a big shock or a big change in a global market, that changes lots of things.”
And USDA Outlook Board Chairman Seth Meyer says the newly-imposed Chinese and Mexican tariffs on U.S. agriculture products are that kind of shock that could have many impacts. So, this Thursday when he and his analysts go into secure lock-up to prepare the new supply-demand report,
“We’ll take our first shot at what those long-term impacts will be. And by long-term for us, that’s out through the end of the 18-19 crop year.”
And Meyer says they will take a look at how tariffs and trade will affects markets and how flows of commodities change.
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