United States Agribusiness Report Q2 2018
Livestock will see some mild improvement in production growth, owing to the poultry and beef sectors in 2018, while wehave revised up our soybean and corn production forecasts for 2017/18. Over the long term, the poultry sub-sector will remain theoutperformer in the livestock complex, and we see the strongest production growth potential for soybean among the grainscomplex. We believe grains production will generally stagnate because of a smaller planted area on the back of lower prices. USPresident Donald Trump presents moderate-to-strong downside risks to our production and consumption forecasts, and concernsover trade will be a key feature over the coming quarters.
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