According to the latest analysis from the University of Missouri Food and Agricultural Policy Research Institute, the trade disputes and a large crop are pressuring markets. FAPRI forecasts a significant drop in soybean acreage for 2019, down almost five percent from this year. At the same time, corn and wheat acreage is projected to increase about 2 million acres each next year. Large meat and dairy supplies will also influence markets. The amount of meat available to U.S. consumers is expected to set a new record in 2019. That’s after hitting a 23-year low in 2014.
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