Ag economists with CoBank expect tight global grain stocks to drive farmer prices into the second half of 2023.

Knowledge Exchange Director Rob Fox doesn’t expect the recent recovery in grain prices to be strong enough to upset the year’s downward trend.  But, he tells Brownfield widespread drought should.

“With drought in various parts of the world, particularly in Europe, the U.S. isn’t going to have a great crop—so when those stocks-to use-ratios get pressured, I believe we’re going to see significant upside potential in grain markets,” he says.

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