According to the latest Rabobank North American Agribusiness Review, consumer confidence is at a historic low. Inflation and supply chain issues continue to be a worry. The report says the U.S. corn stocks-to-use ratio has been at levels not seen in more than ten years. The Brazilian stocks-to-use ratio is at its lowest point on record. Rabobank says that is “not a recipe for lower prices anytime soon.”
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