Source: Todd Hultman, PROGRESSIVE FARMER, 8/21/20


By now you've heard the bearish mantra of grain market factors for 2020 repeated so often you can recite them in your sleep. Big crop surpluses, coronavirus, trade disputes, tough export competition, good weather -- the list goes on. In the U.S., 2020 followed the worst planting conditions on record and difficult harvest conditions for many as well. In January, it looked for a moment like the phase-one agreement offered the U.S. some hope of increased export business. The actual details, however, proved disappointing, and when the global pandemic erupted, we had to admit things had indeed gotten worse.

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