By John DePutter – April 24, 2018
“The price of corn could soar to US$8 a bushel….An unusual confluence of factors could propel prices higher over the next couple of years. These include declining output, an ethanol-led demand surge in China, and likely brutal weather.”
– Barron’s, April 7, 2018
By John DePutter & Dave Milne – Nov. 28, 2017
“The Ministry of Agriculture of Russia does not expect any reduction in the planted areas under grain crops for the 2018 harvest, declared the Minister of Agriculture, Alexander Tkachev on November 23.”
-APK Inform, Nov. 27, 2018
What it means:
If accurate – and in the absence of any major weather problem – more price pressure would seem to lie ahead.