Recent rainfall has made the question of grain or cotton more difficult for South Plains producers, as some producers are making the switch from fiber to food this season.
Renewal of the UN brokered Black Sea grain export corridor remains a key watchpoint in markets, with it set to expire on Thursday this week, notes the AHDB.
Much larger corn crops in Argentina and the U.S. will be driving down global prices and spurring international trade in the 2023-24 marketing year, according to the USDA’s latest World Agricultural Supply and Demand Estimate report.