The past week has been quite substantial in government action, which may result in more exports, less friction and greater acceptance of agricultural products displacing petroleum.
A mildly optimistic meeting between the United States and China, following the G-20 Summit this weekend, is now being viewed as very positive by the grain trade and equity markets.
Last week brought a wealth of issues to the forefront for agriculture.
The signing of the U.S.-Canada-Mexico Trade Agreement (USMCA), an agreement in principle on the farm bill, and 2019 volume obligations for the Renewable Fuel Standard (RFS) all mean certainty for agriculture moving forward.
Lynn Chrisp farms in south central Nebraska on just over a thousand acres of irrigated land. Chrisp also serves as president of the National Corn Growers Association (NCGA). He reacted to the good news on a farm bill and USMCA.
AUDIO: Profit Matters 12-3-18