After an incredibly wet 2019 that affected the planting season, the grains are set for an interesting year in 2020. Old crop corn fundamentals look to be improving, but the 2020 crop could be burdensome. The U.S. is set to plant more corn this year which makes it difficult to predict a tighter supply. For soybeans, with the U.S./China Phase 1 trade deal signed, sealed, and delivered, it looks very much like China will be buying U.S. soybeans. However, 2020 prices will rely on the weather, which is always a toss-up. Wheat is looking like it has limited upside as the world has seen record highs. The market is starting the year in overbought conditions and the future is rather uncertain.
- World Corn Outlook- Stock Change vs. Usage Ratio
- U.S. Soybean Export Sales and USDA Forecast
- U.S. Planted Wheat & World Wheat Production
- Suggested Trading Strategies