Your Pro Farmer newsletter (Nov. 16, 2024) is now available

President-elect Donald Trump’s accelerated actions on getting top personnel announced shows he has been working on his second term for years and learned a lot from his first administration. Prepare for some transformational, market-sensitive impacts. China has prepared countermeasures to retaliate against the U.S. if Trump, who is assembling a team of China hawks, reignites a trade war. The U.S. dollar index surged to a one-year high amid a post-election rally driven by market bets on “Trumponomics” — a mix of tariffs, tax cuts and immigration crackdowns. This could complicate global trade, U.S. competitiveness and Trump’s economic plans, while impacting Fed policy. Consumer and producer prices increased in October. Economists will be monitoring the potential for “reflation,” a resurgence in price increases driven primarily by Trump’s proposed policies rather than consumer demand. Aside from all of the political and economic happenings, recent rains across the central U.S. dramatically reduced the winter wheat drought footprint, though key areas are still dealing with widespread dryness/drought. In Brazil, farmers planted a record amount of soybeans from mid-October through the first week of November. The rapid advance could have several impacts. We cover all of these items and much more in this week’s newsletter, which you can download here.