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NCGA comments on presidential election results

Organization says it’s time to “get to work”

By Diego Flammini
Assistant Editor, North American Content
Farms.com

Last night the world watched as Donald Trump defeated Hillary Clinton to become the 45th president of the United States. The agriculture industry is offering its congratulations to the Republican winner.

“The National Corn Growers Association (NCGA) today congratulated Donald Trump on his election as the 45th president…,” NCGA said in a release.

Wesley Spurlock, NCGA president, said now that the campaign is over, political differences need to be set aside and it’s time to “get to work.”

“As a supporter of the No Labels movement, the NCGA believes in bipartisan problem-solving and building a more responsive government,” he said in the release. “We stand ready to work with President-Elect Trump and the new Congress…”

Trump won’t be sworn in as the next president until January 20, 2017. NCGA is hoping the Obama government can still make progress with  the Trans-Pacific Partnership.

A trade deal Trump has vowed to withdraw from.

“We urge Congress to pass the Trans-Pacific Partnership when they return to Washington next month,” Spurlock said in the release. “TPP is the one thing Congress can do right now to increase farm income, generate economic activity and promote job growth.”

Farms.com also reached out to the American Soybean Association and American Farm Bureau Federation for comments and awaits their responses.


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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.