Grain Prices Defy Seasonal Trends Ahead of Harvest

The grain market is experiencing an unusual counterseasonal move heading into harvest, with corn prices up about $1.50 from their June low and soybeans gaining nearly $3.

Terrain grain and oilseed analyst Bree Baatz explains that strong global demand for U.S. corn exports and a tightening global stocks-to-use ratio are supporting current prices.

Baatz also notes the return of China to the U.S. soybean market, which is creating positive momentum for U.S. soybeans.

Producers are advised to take a serious look at current prices, as the same geopolitical headlines driving the market higher could reverse quickly.