According to the April Purdue University/CME Group Ag Economy Barometer, producers’ confidence that the trade dispute with China will be resolved soon appeared to wane in April compared to March. In the previous month, 45% of farmers said they thought it likely that the trade dispute with China will be settled by July 1, but in the April survey just 28% said they expect to see the trade dispute resolved that quickly. However, when asked whether or not they expect the trade dispute will ultimately be resolved in a way that benefits U.S. agriculture, producers retained most of the optimism they expressed previously as 71 % still expect a favorable resolution vs. 77% in the March survey.
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