Grains end 2021 with a win December 31, 2021

This year was a clear win for corn pricing. Gains of 21% were noted on a year over year basis. This metric uses the March C '22 close of today vs. the March C '21 close at the end of 2020. Though the fall '21 corn harvest was 7% larger than 2020 the market is holding clear premiums. Valid grain fundamentals include concern over the coming 2022 Brazilian harvest and 2022 fertilizer availability. There is still an expectation China will be buying US product in the coming weeks. Additionally, outside market support comes from energy pricing and inflation concerns.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.