- Despite what we hear with most market chatter, US grains and oilseeds will not be driven by the strength and/or weakness of the US dollar next year.
- What matters is geopolitics (e.g. trade wars, real wars, etc.) and weather.
- Grain and oilseed markets are weather derivatives meaning patterns across key growing areas will again influence available supplies.
We’ve reached the end of another year, meaning it’s time to dust off the crystal ball and take a look at what could happen once the calendar page turns. As I talked about last week, the spotlight will burn brightest on global stock markets, including the Big Three US markets (S&P 500, Dow Jones Industrial Average, and Nasdaq), and US Treasuries. This time around I want to look ahead at the Grains sector and see what we know (or think we know) as 2023 comes to an end. Here are 3 things to focus on heading into 2024:
