With the November elections four weeks away, many people may wonder how the election could impact the dollar. Both Republican candidate Donald Trump and Democratic candidate Hillary Clinton have been very vocal about Mexico.
It’s well-known that Trump wants to build a wall between the U.S. and Mexico and have Mexico pay for it. Brian Splitt of Allendale, Inc. told Tyne Morgan on U.S. Farm Report he believed it could happen through a trade policy.
He said the presidential election and multi-year lows and corn prices could have resulted in Mexico’s massive purchase of U.S. corn.
In terms of the stock market, Dustin Johnson of AgYield believed interest rates could rise if he “is seen as the favorite.” As for commodity prices, he said it could have a negative impact, but it would only be short-term.
Watch Splitt and Johnson discuss interest rates, meat exports, and Brazil allowing GMO corn on U.S. Farm Report above.