In late February, the US Department of Agriculture (USDA) published its first assessment of the prospects for US crops in 2017/18. In this Commodities Watch, we will discuss the USDA’s forecasts and what we think they imply for prices. Although, so far, President Trump has been relatively quiet on agriculture-related policy, we will also discuss the likely impact of some of his other policies, notably trade and immigration, on the US agricultural sector and prices.
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