Two market experts provide election predictions and potential market impacts.
Election Day is almost upon us. How will the winner of the 2012 presidential race affect the agricultural markets?
Brian Basting, Advance Trading says continuing the democratic rule will likely not jostle the markets. "I think the markets like more certainty. They kind of know what they’ll get with Obama."
Mike Florez, president of Florez Trading, says an Obama win will be bullish for the markets.
"I think they will go up much easier," he says. "If Romney wins, I think it will be more bearish for markets."
He says that if Obama wins, the government will increase spending, whereas a Romney win will likely reduce spending. "If you start reducing government spending, the dollar will strengthen and the economy will slow because the country won’t be producing as much."
Hear more from Basting and Florez with U.S. Farm Report:
How will farmers vote? Learn: Nearly 2,000 Farmers Share Voting Intentions