The quarterly rural economic review from CoBank describes 2019 as “a challenging year with economic uncertainty.” The overall economic growth is slowing in the U.S. and worldwide. The CoBank report says the ongoing trade disruptions have hurt short-and-long term markets. Corn markets will be supported by strong feed demand and exports. Exports are a problem for soybeans, but domestic demand is positive. Wheat export commitments for 2019 are just ahead of last year’s pace. CoBank says the livestock and dairy sectors may be forced to scale back production increases.
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