Price Floors and Early Planting — This Week in the Grain Markets

by

Opinion

The USDA came and went this week with another WASDE report that was basically a “nothing-to-see-here” release, as the big story to watch is the Grain Stocks and Prospective Plantings report due at the end of March. However, you could look at in the sense that this report gives us a relatively flexible floor as we head into seeding season in the Northern Hemisphere (drills have been spotted in northern U.S. states and southern Manitoba and Alberta). Granted, it’s not the floor that we’re going to be setting out the fine china on, it does give us an idea of…

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