by Ben Nuelle
A market analyst in Chicago says wait 18 months to two years to see if President-Elect Donald Trump’s presidency affects the Ag markets.
Dr. Bill Tierney is Chief Economist at AgResource Company.
?My position is that it is not likely to have any impact on ag markets at least for the next 18 months to two years. Any changes in trade policy, any changes in farm policy, any changes in foreign policy, there is nothing there that I think that could happen over the next 18 months to two years.?
Tierney says overall crop prices are going to be driven by the fundamentals we had before the election.
?Prices have been trending down since Spring of 2013. It is because of what we think is an imbalance between global production capacity and global effective consumption capacity. With global biofuel consumption, relatively flat, and with slowing economic growth, while we do expect global consumption to increase, we don?t think it is going to increase faster than global production.?
Tierney attended the National Association of Farm Broadcasters convention in Kansas City earlier this month.
