Cautious optimism seems to be rampant of many parts of agriculture even though early forecasts in 2017 called for major turbulence.
Ag bank Farmer Mac says several factors have changed since the start of the year, including demand and the strength of the dollar.
“The world economies are growing a little bit better than maybe we expected them to.” Said Jackson Takach, director of economic and financial research with Farmer Mac. “Some of the policy changes that have been proposed for the Trump administration haven’t taken affect yet, so maybe some of the expectations around the strength of the dollar come down.”
He says that will open up the market for more exports.