Now that the calendar has turned to March, we will start to see a shift in market attitude. This is a time of the marketing year where interest starts to divide between old-crop demand and new-crop production. As it does, we see a change in which fundamentals can and do impact price discovery. 

Early planting is starting to get under way across some regions of the United States. This will finally start to give us a clearer indication of what the United States may...