Enjoy the rare, late summer rally — This week in the grain markets

Opinion

Grain markets all struck green this week as some production concerns, combined with decent export activity helped spur the complex higher. With the crop year changing over to 2020/21 on Tuesday, September 1, corn and soybeans futures led the charge as yield potential is being challenged more and more (thanks Mother Nature!) Put another way, what looked like a record crop is now looking more like an average one, and thus, markets are reflecting that lower amount of supply by pushing grain prices higher. Most talking heads agree though that we’re usually seeing a seasonal low in the market, not…