Your Pro Farmer newsletter (Nov. 9, 2024) is now available

There wasn’t any shortage of market-moving news and events over the past week. Donald Trump won the presidential election, while Republicans took control of the Senate and appear as if they will retain a slight advantage in the House. Trump’s return to the White House could have far-reaching impacts, both for the U.S. and world. On the economic front, the Fed cut interest rates another 25 basis points as expected. But Fed Chair Jerome Powell gave no indication of future monetary policy moves, saying policymakers “don’t think it’s a good time to be doing a lot of forward guidance,” while noting the election will have no impact on the central bank’s decisions. USDA updated its corn and soybean crop forecasts on Friday, along with making changes to its 2024-25 balance sheets. USDA’s long-term baseline projections also provided some insight into what might be in store for the following marketing year. We cover all of these items and much more in this week’s newsletter, which you can download here.