Shifts in global competition

Over the past several months, the corn and soybean markets have been fixated on the potential production coming from South America. As our harvest was wrapping up last fall, the chatter about the upcoming South American crops began. And that speculation continues today, as the release of the March World Agricultural Supply and Demand Estimates (WASDE) report was more anticipated for its adjustments to global supplies than its shifts in domestic supply and demand. The global markets have expanded dramatically over the couple of decades. Production and consumption have both increased at rates faster than population, and corn and soybean trade has more than doubled since 2000. Much of that growth has occurred in South America.

Read the full article by Dr. Chad Hart in the March Ag Decision Maker newsletter.

Ag Decision Maker

An agricultural economics and business website.

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