Ample global grain supplies continue to pressure commodity prices, with exports seen as the key path toward a recovery. NDSU Extension Crops Economist Frayne Olson says the big crop kept inventories elevated, limiting upside potential. “Number one, we had a fantastic corn crop in the U.S. We had a very solid soybean crop and a pretty good wheat crop. So we got plenty of supplies, not only domestically, but also internationally.” Large crop supplies in South America and Russia are seen as additional factors weighing on markets. Exports, particularly for corn, have provided some momentum, while soybeans remain a concern, and recent farm assistance payments are unlikely to influence planting decisions. “From my perspective, I do not think so, because a lot of the bridge payments are going to be used to try and clean up 2025 bills,” Olson said. “I do not think the bridge payments will have a direct impact on planted acreage.”
