The patterns within agriculture have been incredibly persistent for the past few years. We continue with a multi-year string of record crop production and record demand.

The supplies have barely exceeded the demands and crop ending stocks increased, while prices worked their way down. The early projections for the 2018 crop year show that corn and soybeans will dominate the landscape once again, as other commodities are still finding it difficult to compete for land.

But optimism remains in the markets for the future. Current...