Grains feed and increasingly power the world. The U.S. is the world’s leading corn producer and a top soybean producer. Corn is a primary ingredient in ethanol; the biofuel refiners blend corn with gasoline to curb emissions. Soybeans are increasingly processed into biodiesel fuel.
The grain sector includes corn, soybeans, wheat, oats, and rice futures. While oat prices edged higher in 2023, the other grains and oilseeds posted double-digit percentage losses for the year.
