By: Ron Smith, Delta Farm Press
Farmers face uncertainties as they complete or develop marketing plans this summer. Tariff questions create market volatility.
Farmers know uncertainty. It’s part of their DNA — When will it rain? How much will fertilizer go up? Will insects, weeds, disease affect yields? Which way is the market going?
That last one comes with more than the usual number of unknowns as producers near the mid-point of the 2018 growing season faced with market uncertainties exacerbated by China’s retaliatory tariffs. Soybean prices have dropped by $2 a bushel since the latest salvo in the trade war was unleashed.