The trade war between the U.S. and China is shouldering the blame for the downturn in commodity prices. NDSU Extension agriculture finance specialist Bryon Parman sees many components to this market environment. “It is hard to disentangle what impact the trade war is having versus record yields versus planted acres versus a lot of other factors.” Soybeans have taken a hit from the U.S.-China trade dispute, but Parman says other crops are not influenced by this export situation. NDSU Extension is evaluating management strategies to deal with the uncertain market. “We’re looking at currently established programs, like commodity loans for cash flow; options for long-term storage of soybeans and those kind of issues.”
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