Grain Elevator Outlook

U.S. farmers harvested the second-largest corn and soybean crop ever. That improved the carry in the futures market and boosted the outlook for grain elevators. According to a new report from CoBank, challenges remain with a potential trade war and policy concerns over biofuels. CoBank economist Tanner Ehmke said a volatile trade policy could drag down corn and soybean exports, increasing the cost of shipping in smaller markets. CoBank said grain elevators would benefit from additional revenues from grain storage.