Since 2020, grain prices have been advancing on a combination of crop losses and demand growth. “As we look at elevated prices, I don’t think we’re going to see them coming down anytime soon,” said Kevin McNew, chief economist, Farmers Business Network. McNew cited the January WASDE report, saying it underpinned the supply challenges. “The market got a little complacent. Where the market had been looking for an increase in stocks because of sluggish exports, they actually got stocks that were lower which is very bullish.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.