This year is one grain farmers are sure to remember. It’s been a year with a wet spring, late planting, trade uncertainty, and market facilitation payments to aid growers.
However, some analysts worry there may not be a big boost of demand needed for the grain markets to increase. “My greatest fear is there is no big demand event out there,” said Bob Utterback of Utterback Marketing.
“I don’t see any big demand event that’s going to grow demand significantly more than expectations.” Chad Hart, an economist with Iowa State University says, “No, there isn’t a place where we’re seeing that spark of growth [in the corn complex].”
Both reference the uncertainties in the ethanol market along with trade woes. Watch the I-80 Harvest Tour report here.