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DTN analyst Todd Hultman argues grain prices remain depressed by large surpluses, with USDA ending corn stocks at 1.91 billion bushels, near 1 billion bushels of wheat stocks, and soybean demand curtailed by the tariff dispute. Spot corn near $3.65 and KC wheat near 13-year lows reflect a chronic oversupply.
Large ending stocks and weak spot prices indicate persistent bearish fundamentals for feed grains, with limited near-term relief unless demand improves or trade disputes resolve.
dtnpf.comTodd HultmanDec 6, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
