A painful planting season has turned to harvesting season for US farmers, but shortfalls continue to persist. The USDA has harvesting, maturity, and quality of crops like corn and soybeans in steady decline as heavy rains and floods turn to snow and ice earlier than usual in the northern farm belt. Futures prices, which have been sent on a wild ride by trade uncertainties have now begun climbing again, reaching multi-month highs in October. Meat prices are also set to benefit from ongoing swine fever in China that continues to prop up exports of pork, beef and other meats to the protein-strapped country of more than a billion mouths to feed.
To read this Market Insight, you’ll need to sign in
If you don’t have a subscription, get in touch for a free trial.