Grains end 2021 with a win

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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