One of the most interesting aspects of 2014/15, aside from the new U.S. production records for corn and soybeans, is the divergent export prospects among the grains and soybeans.Often it appears that for grains and the soy complex, "so go exports, so go the markets." This may not be entirely accurate, but there is no doubt that perceptions about export demand are a key feature of any fundamental supply/demand analysis and of consensus opinions about the direction grain and soy market prices may be headed. The importance of these exports to the market's overall psychological profile is demonstrated by the eagerness with which traders and market analysts await USDA's weekly export sales reports.We have always felt that one reason for all of t...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, North America