The big question in grain markets right now is – how long will prices last? Matt Snell, risk management consultant with Stone X, says prices are very much demand-driven, most notably from China, wand are much higher than anyone would have ever imagined.
Snell says there are still tensions between the U.S. and China, so it’s tough to know.
“You would think at some point they would have started pulling back demand out of spite or something along those lines.