Current trade negotiations and retaliations could very well wind up having lasting effects on the future wheat trade, cautioned Frayne Olson, director of the Quentin Burdick Center for Cooperatives at North Dakota State University.
According to a report at the High Plains Journal, wheat and other commodities rely upon trade agreements to keep the markets open for farmers. But trade is a fickle topic that relies as much upon politics as it does traditional supply and demand markers.
Negotiations take time, and that’s time the world markets may slip further and further out of U.S. farmers’ control.
