Source: Tyne Morgan, AGWEB, 8/28/20


August started out as a month producing stagnant prices, but as the month comes to close, sentiments are shifting. As dryness plagues portions of the Corn Belt, crops are shutting down prematurely, bringing an early start to harvest. At the same time, China renewed its commitment to the Phase One trade deal and continues to ramp up its buys of U.S. ag products. So, is it a weather market or added demand driving higher prices? Joe Vaclavik of Standard Grain thinks it’s a combination of both.

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