AgResource Company President Dan Basse offered a realistic, but pessimistic view of the markets during the BASF forum at the Agribusiness Expo in Fargo. At the time of Basse’s presentation, the Brazilian real and Russian ruble were trading at record low levels. “If you’re a farmer in Russia or down in Brazil, you’re looking at positive margins so you’ll keep expanding,” said Basse. “The market’s trying to send out the message that we need to cut farm production globally and in at least with those two countries, it’s not happening.” Basse believes the incoming Trump Administration understands the importance of trade, but it takes time for those results to be realized.
