A grain market expert says there are global factors at play that could set an all time high for the corn market this summer.
Matt Bennet with AgMarket.net tells Brownfield there are tight carryouts for both corn and soybeans.
“There are other commodities that really want the acreage so we may not get as many acres as some people in the industry are hoping we will see. If we don’t get big acres and big production given that our carryouts are already tight, I am telling you it could be a very dynamic market.”
Tension between Russia and Ukraine has pushed recent volatility in the markets, leading to a spike in winter wheat prices, changes to other key commodities and the fall of financial markets.
