Record crops, record demand: In the past, big crops have meant negative price swings. However, increased world demand changes that rule

摘要

All indications are that Brazil is set to harvest a record soybean crop and Argentina will have a large corn and soybean harvest as well. This news would usually take corn and soybean futures sharply lower; however, this year futures have stayed in anorderly uptrend. U.S. corn and soybean farmers have had several opportunities to sell 4 dollar-40 CBOT corn futures and soybean futures at 10.50 dollar since the fall harvest of 2009. We are changing from a nervous market concerned with global consumerdemand and possible trade problems in February 2009 to a demand-driven grain market focusing on record potential demand in 2010.