The November supply/demand report from USDA is one focus for the commodity markets moving forward. “Export numbers will be watched closely because USDA goes by policy,” says Katie Tangen, market education specialist, AgCountry Farm Credit Services. “Their policy says that China has a tariff rate quota of 70 million metric tons and we’re not going to change it. Well, that’s well below what they’ve already purchased, so there is some interest in how they will handle that going forward.” Find out more in the latest Rural Perspective podcast.
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