Source: FARM PROGRESS, 12/15/20


The largely unexpected grain price rally that began in August enabled U.S. grain elevators to capture strong margins on stored crop, as well as on new crop which they bought and resold into a rising market. Having already accelerated merchandising, elevator activities will be limited over the next three months until the market has greater visibility to U.S. planting intentions and actual crop production in key international grain growing regions, according to a new report from CoBank’s Knowledge Exchange division, Grain Elevator Outlook: Accelerated Merchandising Margins Today, Potential Volatility Tomorrow.

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