Despite a devastating drought in Australia, a severe drought
in Eastern Europe and crop issues in Argentina the average daily volume of CME
agricultural futures and options are on the rise.
David Nealis President of Ceres Ltd |
Add in the trade war with China which has stunted soybean
sales to China many outside observers would believe that anything related to
agricultural would be less then exciting but the futures market is acting as it
should helping firms to manage their risk making 2018 an exciting year for
agricultural futures and options.
So the question many of us are thinking about is will
growers plant as many soybeans and corn in 2019 as they did in the
previous season?