There is no shortage of grains worldwide. “We had record corn production, again, not surprising anybody; we had a very good soybean crop and we had a very good wheat crop,” said Frayne Olson, crops economist, NDSU Extension. “Then you look internationally, and again, the South American crop for both Brazil and Argentina was exceptionally good last year, which really means that as a buyer, I’m not worried about supplies right now.” This may be a time when farmers will need to hit singles or doubles, rather than going for a home run in their marketing. “The odds of having a nice, long extended rally in any of these major commodities are pretty low. We’re going to have to look for these smaller pricing opportunities, these smaller bounces in the marketplace.”
