Michigan's ag community reacts to Trump victory

Nov 09, 2016

Farms.com was on the ground asking Michigan farmers their thoughts on the election

By Diego Flammini
Assistant Editor, North American Content
Farms.com

Donald Trump's victory over Hillary Clinton to become the next president of the United States is on the minds of everyone this morning, farmers included.

Especially in Michigan, a state considered up for grabs by both parties that Trump eventually won with 47.6 per cent of the vote; Barack Obama won Michigan in 2012 with 54 per cent of the vote, according to the New York Times.

Farms.com editorial director Paul Nolan and machinery contributor Rachel Gingell were on the ground in Michigan Wednesday to ask local farmers their thoughts on election outcome.

"Trump has made some very big promises," Rex Lansing, a custom applicator, told Gingell. "He told us he's going to make America great again. So now we are expecting him to follow through on that."

Trump's victory in rural areas of the U.S doesn't come as a complete shock, as a poll before the election suggested farmers were overwhelmingly backing the Republican candidate.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

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