Market Trends Commentary for March-April 2019

US and World

It is that time of year again, where farmers are firmly fixated on the coming planting season. The growing of big crops of 2018 is somewhat of a distant memory, but the large supplies they created continue to weigh on grain prices. March is a month that typically ends with a bang for grain markets, as the United States Department of Agriculture (USDA) will announce their prospective planting acres on March 31. With large surpluses apparent across farm country and paralysis going on with U.S. China trade talks, prices continue to drift in the news vacuum.  However, on March 8 the USDA weighed in again with their latest world agricultural supply and demand estimates. (WASDE)

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