Crop price movements over the past few months have been volatile and often in opposite directions. Drought and other global weather issues have pushed prices higher, but projected supplies remain high and usage has eased off slightly to relieve a lot of that price pressure.
As soybean sales have slid below last year’s pace, corn sales continue to exceed last year. In 2020, the international surge began in July, with sales exceeding 700 million bushels by harvest. This year, the surge came in early May. For more, please click here.