A phase one trade agreement between the U.S. and China does change the market mentality. However, NDSU Extension crops economist Frayne Olson says prices won’t change dramatically overnight. “What I likely see happening is a slow uptrend in prices. There will still be volatility and up days and down days.” The hard part for farmers is figuring out cash flow needs. “If you’re in a position to wait, just be patient. There are opportunities to sell cash grain today and buy back in the futures market with options.” Listen to the interview with Olson.
