Global prices end the year at multiple-year highs, for each of the 3 major crops.

A series of bullish factors keeps on pushing grain and oilseed prices higher. Weather concerns in S.America 🇧🇷🇦🇷 (La Nina), Record Chinese 🇨🇳 demand, geopolitical interferences (Russian 🇷🇺 export tax, Argentina 🇦🇷 to ban corn exports until Mar21) are all considered supportive in a low stock environment. Amidst this buoyant context, the USDA report in January the 12th and weather in S. America will be two of the major fundamental factors for us to watch in the first weeks of 2021. We wish you all a Happy New year!