Supply Concerns Could Trigger Higher Prices

A Farm Progress article

Demand for corn, soybeans and wheat in the U.S. and around the world is strong, even as global weather wreaks havoc on supply potential. Ending-stock supplies for grains began to edge lower in August, with stocks-to-use ratios suggesting a bullish story may be developing for 2027.

What once was a bearish price outlook for corn, soybeans and wheat just two months ago has shifted into a supportive price action situation. The drought in Europe this summer reduced the European Union wheat and corn crop, and U.S. grain production suffered due to adverse weather conditions, including drought in the western Midwest and flooding in the eastern Midwest.

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