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Best of NAMA 2022












RABO AGRIFINANCE ECONOMIST REPORTS HIGH GRAIN PRICES WILL LAST IN THE FORSEEABLE FUTURE
By Rhonda Brooks, AgWeb.com

U.S. farmers have seen prices skyrocket for commodities, and the outlook remains positive, according to Steve Nicholson, global strategist for grains and oilseed at RaboResearch. He predicts grain prices have the potential to keep farmers' spreadsheets in the black for the next few years.

"The fact is, from a producer's point of view, I think these prices will be well-supported because of all these things, these world events, that are happening at the same time," says Nicholson, an economist. "We know producers will, at some point, catch up with the demand piece, but it looks like that's several years away."

Nicholson discussed RaboResearch's recently released 10-year outlook, The Grain Drain After Ukraine, on AgriTalk with Host Chip Flory on Thursday. More information on the report is available at www.raboag.com

Positive Fundamentals Were Already In Place
Before Russia invaded Ukraine, Nicholson says the fundamentals were in place indicating the next few years could be a boom time for grain. "And now, we've thrown fuel on the fire with world events," he notes.

Nicholson says it would be difficult to overestimate the impact of the war on prices and trade.

"One thing we suspect is this will change all the trade flows around the world, particularly when it comes to corn, wheat, sunflower oil, barley and rapeseed," he says. "The reason is if you're a buyer, you don't know whether you're going to be able to get them from there (Ukraine)."

To view the complete report, click here.


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