Early winter weather puts U.S. safe-haven corn planting in doubt

Illinois farmer Brent Johnson had planned to bump up his corn acreage by 10 percent in 2019 and plant fewer soybeans as a way to shelter himself from the lower soy prices caused by U.S. President Donald Trump's tariff war with China. As soybeans are far more affected by the U.S. trade war with China than corn, the trend adds to economic risk across a U.S. farm belt the Trump administration recently said would get up to $12 billion in aid to make up for trade related losses. China resumed buying U.S. soybeans in December as part of a trade war truce following a meeting between Chinese President Xi Jinping and U.S. President Donald Trump, but the amount of purchases remains well behind the pace of previous years.

from Yahoo News - Latest News & Headlines https://yhoo.it/2T8iVZj