Recent market analysis has placed much focus on fundamental conditions in the U.S. and how supply-side factors may shape the markets this year. Given the extreme weather across the Midwest in 2019 (although this has perhaps run its course), the focus has been rightly justified. Consequently, it’s time to step back and once again look at the big picture. This analysis looks at U.S. and global prices, which are likely to move supply and demand factors going forward. Corn U.S. cash corn prices jumped sharply higher this spring as the late planting threatened acreage and production prospects. Notably, the eastern Corn Belt was hardest hit by the poor weather, evidenced by the 40-cent premium that corn prices in the Great Lakes region ho...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Black Sea, Europe, North America, South America