All (Global) Eyes on this Election

Theoretically, the current election cycle should all be over next week. But we aren’t the only ones who are closely watching. Other countries are wondering who they will be dealing with for the next four years. Not only does that concern the foreign relations aspect of our standing on the world stage, but it also means that it could be an interesting trade climate. We are currently operating with a trade deficit. Whoever sits in the Oval Office in January will have to address this situation.

Greg McBride is a commodity broker with Allendale, and says we are seeing a few more grain purchases happening ahead of the elections. However, the livestock side doesn’t seem as concerned…

“We started out the year with very good pork demand. That kind of waned off a little bit there for a little while, it’s come back a little bit, but the last couple of weeks haven’t been so good. Beef demand just kind of plotted along pretty well but, overall, domestic usage has been very good for both. Now that could change. Obviously you could see something happen after this election. That’s the big wildcard of the next week and the next couple of months as we prepare for a brand new president regardless of which side wins.”

It all comes to a head next week on Tuesday, November 5th.