After noting in last Monday’s analysis (see Ag Perspectives, 23 April) that markets will be on cruise control for a month or so until crops get planted and growing season weather can be more fully assessed, it seems they have decided the 2018 growing season around the world will not be as perfect as the previous four years. The world has been awash in grains and oilseeds because ideal weather has resulted in several consecutive years of record world crop production. As WPI has pointed out numerous times, that has masked the fact that world consumption also continues to set new records. There are now sufficient weather-related crop production problems globally to say the string of record production years has ended. Among them are the...