News & Publications
February 28, 2023 |
Are we heading to sub-$4 corn?
In today’s marketplace corn and soybean production continues to expand around the globe. I often remind producers that there is a crop planted, pollinating, or being harvested nearly every other month between the northern and southern hemispheres. Production in Brazil, Argentina, and Ukraine are just a few of the key producing countries that compete with the U.S. for export business.
Exports are a primary indicator of just how competitive U.S. commodities are valued around the world. In times of limited supplies due to production shortfalls or logistic disruptions, prices rally to ration global demand and spur additional production in producing regions. Exports are always the first usage category to reflect demand changes.