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
For More Information
Read AgWeb’s full coverage of the 2012 political races:
2012 Election: Ag Ballot Issues Include GMOs, Farmland, More
Voters in several states will consider whether to adopt initiatives about the labeling of genetically modified food and other issues.
Where the Candidates Stand on Agriculture
Biofuels, regs and trade will be big topics in the presidential election.
3 Scenarios for the Election’s Impact on the Farm Bill
Will a Republican sweep of Congress and the White House help or hurt the odds of passing the farm bill in the lame-duck session?
Presidential Candidates Talk Farm Issues
Read how President Barack Obama and Republican presidential candidate Mitt Romney answered a recent American Farm Bureau Federation questionnaire.
Former Ag Secretary Makes Election Prediction
Let’s not forget that there are 3 branches of government. We have the Executive – that’s the President; we have the legislative – the Congress; and the judicial – our judges.