4512 Outlook

Economic Outlook: November 8, 2019

Nov 8, 2019  | Ep4512

Harvest is still behind, prices have turned lower but farmers had a few moments of relief when encouraging words were released about the trade war.---

On Thursday, Wall Street rocketed into record territory as Chinese officials said all parties had agreed to ease tariffs.

The news was tempered on Friday when President Trump said he hadn’t agreed to anything.

When taking a longer view of the situation, the Purdue/CME Ag Economy Barometer rose 15 points in October as producers were more optimistic about current and future economic conditions on their farms.

As the trade war drags on, the trade gap has fallen as U.S. imports declined in September.

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