Start Date

1-12-2017 12:00 AM

Description

Looking back over the last ten years, crop agriculture has swung between two regimes. The years 2007 to 2012 were characterized by strong crop prices, driven in the beginning by record building demand and at the end by a drought. The years 2013 to 2017 are characterized by strong crop production, a consistent string of large harvests that have been more than enough to meet and exceed demand. The outlook for 2018, based on the information we have today, suggests that pattern will continue for at least another year.

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Dec 1st, 12:00 AM

Searching for the bottom

Looking back over the last ten years, crop agriculture has swung between two regimes. The years 2007 to 2012 were characterized by strong crop prices, driven in the beginning by record building demand and at the end by a drought. The years 2013 to 2017 are characterized by strong crop production, a consistent string of large harvests that have been more than enough to meet and exceed demand. The outlook for 2018, based on the information we have today, suggests that pattern will continue for at least another year.