Ray Grabanski
President, Progressive Ag
www.progressiveag.com
Northern Corn Belt farmers face another prevented plant year, analyst says
Unfortunately, only about 25% of the planting season is left, and growers have about 80% of ground left to plant in some northern areas.
Even a bearish corn report can’t make things worse, analyst says
Weather forecasts continue to call for another week of very cold weather in the Midwest.
Commodity prices remain at multi-year lows
Overall, the crop outlook (supply) still looks good but the demand is in question – more from the virus than from other issues, says analyst Ray Grabanski.
Trade resumption is important for U.S. agriculture, analyst says
With the U.S. exporting one-sixth of its corn and 50% of its wheat and soybeans, less global is a bad thing. It needs the export markets, analyst says.
COVID-19 impacts on commodities to vary, analyst says
Transportation is also a major issue, so importing countries are buying rapidly to stock supplies.
Wheat prices rise, overall, as bread demand rises, analyst says
The markets will return, as a result of the people solving COVID-19 and not the government, analyst says.