Weather or demand: which shows up first? — this week in the grain markets

by

Opinion

Grain markets had a topsy-turvy week before closing in the red as traders exited positions amidst growing concern of demand for agricultural commodities. The combined uncertainty about demand fundamentals for food – namely from the food services and hospitality industry -as well as oil markets pushed grain prices lower this week. While China and Mexico both made some important purchase of soybeans and corn this past week, there’s a distinct demand weakness across the board, be it in feed, exports, and/or ethanol/crush markets. This week’s trading action might be a sign of things to come for the grain markets, as…

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