A potentially explosive corn market could be coming in 2022, according to a grain market expert. Domestic factors such as acreage and tight carryouts for both corn and soybeans could contribute, but also global factors may drive commodity price changes.
One such global example, if conflict advances between Russia and Ukraine, the lion’s share of the global demand for corn would likely come to the U.S. The overseas tension has already created a spike in winter wheat prices. However, with high input costs looming, experts encourage farmers not to hedge their bets waiting on a rally.
Read more on Russia-Ukraine tensions and what the impact could be on the U.S. corn and commodity markets.
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