An ag economist says corn and soybeans usage rates are down from last year but not from lack of demand.
Ag Economic Insights co-founder David Widmar tells Brownfield both crops still have near record usage, but tight ending stocks are coming into play.
“In the trade war, we had big stocks, sluggish usage and disappointingly low prices,” he said. “Here today, we have pretty strong usage over the last two marketing years, pretty tight stocks and commodity prices have been very, very high.
